Digna, a 42-year-old formerly homeless woman and mother of two, has called Park Avenue Thorpe home for the last 11 years. She found refuge in the six-story yellow brick building in Bathgate, where an onsite caseworker helps her balance her bank account, pay her bills and talk to the teachers at her two sons' schools, as Digna's English is somewhat shaky. more>
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>