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420 Stockholm Street in Bushwick with State Attorney General Letitia James (Google Maps, Getty)
New York City’s chief lawyer and the state’s attorney general have joined a nonprofit housing corporation’s fight over ownership of a multifamily building in Brooklyn.
RiseBoro Community Partnership is appealing a court decision that blocks it from taking ownership of 420 Stockholm Street in Bushwick, The City reported.
SunAmerica Housing Fund, a subsidiary of insurance giant AIG, invested in RiseBoro’s 29,000-square-foot affordable housing building through the federal Low Income Housing Tax Credit program in 1999. SunAmerica received a tax break for its investment, which helped fund RiseBoro’s renovation of the property.