Landlords of Bronx Building Were Buying Up Affordable Housing in New York
The New York Times
The companies purchased Twin Parks North West, the Bronx building where there was a deadly fire, along with seven other buildings in the borough for $166 million.
The three companies that own the 19-story apartment building in the Bronx where a smoky blaze killed 17 people on Sunday have all been aggressively acquiring apartment complexes with many lower-income tenants who used rental vouchers.
The three companies — LIHC Investment Group, Belveron Partners and Camber Property Group — purchased the building, Twin Parks North West, along with seven other affordable-housing buildings in the Bronx in 2019 for $166 million.
LIHC and Belveron own buildings in New York and elsewhere, and control a combined 80 percent of the Bronx building, but it was Camber that was responsible for day-to-day operations.
