The planned $1.3 billion sale of Starrett City has raised concerns about the impact on low- and middle-income residents of the 5,881-unit Brooklyn development, despite repeated assurances from the purchaser of the intention to maintain affordable rents. HUD Secretary Alphonso Jackson promised a thorough HUD review of the purchase of the development by Clipper Equity, LLC from Starrett City Associates, whose principal partner is Disque Dean. In a written statement, David Bistricer, a principal of Clipper Equity, attempted to dispel concern about future housing affordability at Starrett City. "We are delighted to have purchased this attractive, desirable development that Disque Deane maintained so well, and we are committed to preserving long-term affordability," he said.
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