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New Yorkers gain ownership in Lower East Side squatters deal
In August the city sold 11 Lower East Side buildings for $1 each to a nonprofit, handing them to 236 squatters including 36 children. Residents will stay while codes are upgraded, paying about 450 dollars a month, with storefronts rented to hedge costs. Umbrella House and others formed lasting ties to their neighborhood, using sweat equity to become owners.
MENTIONED IN THIS ARTICLE
New York
New City
Manhattan
Lower East Side
Baby Monroe
Avenue C
Monroe
Queens
Sonora Chase
Carol Abrams
New York City
Department of It
Abrams
Urban Homesteading Assistance Board
Umbrella House
de Leon
New York University
Tauna Bilsted