What's The Definition of Distressed?
What could be bad about the City taking "distressed" residential properties, giving them to an affordable housing non-profit, who then hires a developer to restore and return them to the market as low-income housing? Turns out, a lot, as many black and brown property owners are being stripped of the promise of intergenerational wealth in fast-gentryfing Brooklyn neighborhoods, according to Kelly Mena of Kings County Politics, and activist and community leader, James Caldwell.