ELECTED OFFICIALS AND COMMUNITY LEADERS TO HOLD PRESS CONFERENCE CALLING ON RIVERTON DEVELOPER TO PRESERVE AFFORDABLE HOUSING, DESPITE WARNINGS OF LOAN DEFAULT
(NEW YORK, NEW YORK)- On Saturday, August 23, 2008, a group of concerned
elected officials and community leaders will be holding a press conference calling on the developer of the 1,230 unit Riverton Apartments to preserve affordable housing, in the wake of the disclosure that the loan used to purchase the Riverton in 2006 may be going into default. This PRESS CONFERENCE will be taking place at the corner of 135th Street and 5th Avenue in Manhattan, New York City at 10:00 AM.
Invited speakers include: Congressman Charles B. Rangel, Assemblyman Keith L.T. Wright, Councilwoman Inez E. Dickens as well as representatives from the Riverton Tenants Association and many members of the Riverton Community. "It is imperative that the developers who purchased this property act in a socially responsible manner and disclose how they will renegotiate their loan in a way that does not threaten the homesteads of Riverton residents. This property must not remain in flux and the owner must take steps in the future to ensure that it does not," said State Assemblyman Keith L.T. Wright.
This PRESS CONFERENCE will be held on SATURDAY, AUGUST 23, 2008 at 10:00 AM at the corner of 135th Street and 5th Avenue in Manhattan, New York City.