Housing Agency Denies Sale of Starrett City
By Associated Press | March 2, 2007
http://www.nysun.com/new-york/housing-agency-denies-sale-of-starrett-city/49643/
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ShareWASHINGTON — Federal officials have denied approval for the $1.3 billion sale of the nation's largest federally subsidized rental housing complex, Brooklyn's Starrett City.
The proposed sale of Starrett City is one of the richest real estate deals in New York City history — and one of the most criticized.
The secretary of the Department of Housing and Urban Development, Alphonso Jackson, planned to announce Friday that the current deal will not pass muster, according to two people familiar with the matter.
The decision comes after HUD lawyers met yesterday with deputies of Attorney General Cuomo.
