Blog

Yesterday, March 21^st, on a cold but clear day, Banana Kelly, along with its partners, Workforce Housing Advisors and Monadnock Construction, sponsored the grand re-opening of the Kelly Street Apartments.  These five buildings, home to 79 families, were among the very worst buildings in the city, plagued by an abusive owner/speculator who allowed the buildings to fall into severe disrepair after pocketing millions in mortgage proceeds intended for upgrades and repairs.… Read more...

Yesterday, I attended a memorial service for Bruce Dale. As I scanned the pews, there were so many people who, like Bruce, made a real difference. Of course, it is on occasions such as these that we reflect. I thought about how at certain moments in history, at the right time, in the right place, and under the right circumstances, the right people converge and work together on seemingly intractable problems.… Read more...

At a wonderful panel discussion this past Saturday at the Bronx Documentary Center — events@bronxdoc.org — an audience member complained about the lack of jobs and, in areas like the South Bronx, the need to decide between “job-creating” industrial development and the health of residents.… Read more...

At the end of January, after almost a year of meetings, negotiations and frustrations (mostly from abused tenants), we were successful in obtaining title to three buildings on College Avenue.  This is our second successful effort to recapture over-leveraged, distressed properties from unscrupulous speculators.… Read more...