City task force to take fresh look at feared foreclosure program
This story was originally published on June 14 by THE CITY.
Following lawsuits from former property owners and backlash from elected officials, the city Department of Housing Preservation and Development on Thursday said that is has put together a task force to modernize its controversial Third Party Transfer program.
The announcement comes ahead of a City Council hearing on Monday about Third Party Transfer, under which HPD and the city’s tax collectors hand apartment buildings’ deeds to nonprofit caretakers in lieu of taking possession for unpaid taxes or water and sewer bills.