Citywide, 3,221 units are currently in foreclosure after being purchased by private equity firms and investors like Karasick who borrowed heavily to buy them and now cannot pay the debt, according to research by the Urban Homesteading Assistance Board (UHAB), a tenants' advocacy group. Nearly 60 percent are in the Bronx. more>
Parents say a plan to eliminate more than 3,000 kindergarten slots at city day cares is turning out to be a disaster. more>