Trump to get millions from sale of Starrett City housing complex
The nation’s largest subsidized affordable housing complex was just sold for hundreds of millions of dollars, with some of the money going to a prominent critic of government housing programs: President Donald Trump.
Trump and other investors in Starrett City in Brooklyn have sold the 46-building complex to two real estate firms for $906 million, according to a statement Tuesday from the new owners. Trump’s financial disclosure documents last year show he owned 4 percent of the complex, giving him potential proceeds from the sale of about $36 million.
Under his federal budget plans, the Trump administration had proposed deep cuts in subsidized housing programs.