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Lone Star Funds: Stop the sale of 10 buildings in Inwood and Washington Heights
  • Petitioned Mark Lipshy

This petition was delivered to:

LSREFII - Clover Trust
Mark Lipshy
Brookfield Properties
Eric Weinberg, Esq.
Vantage Properties
Neil Rubler
AREA Property Partners
William Mack

Lone Star Funds: Stop the sale of 10 buildings in Inwood and Washington Heights

    1. Petition by

      UHAB Organizing

      New York, NY

In April, 2012 Lone Star Funds filed for foreclosure against Vantage Properties - a notorious predatory landlord - on 16 buildings in Northern Manhattan. Despite tenants' wishes, Vantage has maintained control of 4 of them. 10 buildings are being marketed for $50 million - this price is too high, even higher than the current mortgage!  This amount will force a new owner increase rents and reduce much needed services in order to make their mortgage payments.

These buildings are currently home to over 2,000 low income New Yorkers, many of whom have lived in their apartments for all of their lives. As rents continue to rise in New York City, tenants who are forced out of their homes often have no where to turn. It is important to fight gentrification and displacement that harms New York City neighborhoods. 

Despite multiple requests from elected officials, advocates and city agencies, Lone Star Funds has refused to meet with tenants to discuss their plans for their homes. It is vital for the communities in Inwood and Washington Heights that we fight to STOP SPECULATION on low income housing and KEEP NORTHERN MANHATTAN AFFORDABLE.

Recent signatures

    News

    1. Reached 100 signatures

    Supporters

    Reasons for signing

    • Stefan Cohen ROCHESTER, NY
      • over 1 year ago

      The opportunities for affordable housing are critical to maintain in our divided society. Please do not let money trump decency and common sense in your negotiations with Vantage.

      REPORT THIS COMMENT:
    • Shannon McBride NEW YORK, NY
      • over 1 year ago

      I am a graduate student at the City College of New York and want what is best for the neighborhood!

      REPORT THIS COMMENT:
    • jeff mathias SEATTLE, WA
      • over 1 year ago

      Housing should not be wielded as an instrument of violence.

      REPORT THIS COMMENT:
    • Amber van Natten BROOKLYN, NY
      • almost 2 years ago

      housing equality is important!

      REPORT THIS COMMENT:
    • celia weaver BROOKLYN, NY
      • almost 2 years ago

      I live in the building and this is important for my home

      REPORT THIS COMMENT:

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