Documentary Release: “Faile St: The Human Cost of Foreclosure”

We are excited to announce the release of a powerful documentary by Elaisha Stokes and John Light highlighting UHAB’s Organizing and Policy Department’s work in the Bronx. The documentary highlights two buildings, 836 Faile Street and 553 E. 169th Street, both in the Bronx. UHAB has been organizing and working with tenant associations for a preservation outcome in these properties since 2011. At the making of the documentary, both buildings were in foreclosure, trapped in the cycle of predatory equity, and tenants were living in deplorable conditions.

Almost 2 years later, tenants at 553 E. 169th St. have a new landlord. 836 Faile St., however, remains in foreclosure with private equity company, Stabilis Capital Management as mortgage holder.  Tenants at Faile St. continue to organize, and are demanding that Stabilis transfer their building to Community Development Inc., a city-approved preservation developer.  They are are being supported by Bronx Legal Services, who will soon be filing a motion to enter tenants into the foreclosure case, and their Councilwoman Maria del Carmen Arroyo. Recently, UHAB has begun to build tenant associations in 7 other Stabilis-related buildings. 836 Faile Street tenants are working with tenants across New York City to demand that Stabilis Capital get out of the rent regulated multifamily housing business. 

Click here to watch the Earth Focus documentary about how tenants can come together to fight for quality affordable housing, and stay tuned to this exciting fight.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s