“As part of the administration’s plan to overhaul the shelter system, Mayor Bill de Blasio has pledged to close all of the city’s cluster sites — which Banks said will be 70% completed with this purchase — while converting a portion of them to permanent housing.”
"[The landlords] don’t care whose money it is. They could make this deal with anybody else, and then we wouldn't have the ability to work with the tenants," - @joshgoldfein.https://www.politico.com/states/new-york/city-hall/story/2019/03/14/city-closes-on-deal-to-buy-cluster-apartments-for-174m-916572 …
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