A federal housing scandal that left thousands of New Yorkers living in ramshackle homes turned out to be a pot of gold for a not-for-profit group closely linked to powerful Assemblyman Vito Lopez, The Post has learned.
The agency founded by Lopez wound up buying 25 of the abandoned buildings from the feds for a miniscule $10, property records show. And if that wasn‚Äôt enough of a deal, the feds threw in $24 million to pay to repair the dilapidated buildings.
Now, the Lopez-backed Ridgewood-Bushwick Senior Citizens Council is hauling in federally subsidized rent from 100 apartments, plus rent from four storefronts in buildings scattered around a steadily gentrifying Bushwick.
The not-for-profit, which was founded by Lopez in 1973, wound up with a total of 49 buildings that were among the sites abandoned by unscrupulous flip-and-run scam artists a decade ago.
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