Housing Here and Now
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Housing Here and Now
The agreement between the coalition, Housing Here and Now, and the banks, Citigroup and New York Community Bank, under which the housing advocacy groups will use the banks' leverage as lenders to pressure landlords into repairing dilapidated buildings, represents a new weapon against landlords reluctant to make repairs. The loan portfolios of New York Community Bank and Citigroup together include more than 900 buildings and 66,000 units, according to Housing Here and Now. Using the records of the city's Department of Housing Preservation and Development and those of Housing Here and Now, the bank will consider past housing code violations, emergency repair liens and litigation.