The West Bronx Blog is very worried about the mortgage issues at Harlem's Riverton Houses, because private equity firms have bought up so much Bronx property as well: "As we saw in the late 1980s with the rash of multifamily foreclosures in Bronx buildings overfinanced by Freddie Mac, these properties often fell into serious disrepair and communities as a whole suffered. Is history about to repeat itself?" [West Bronx Blog]
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