Williamsburg, NY - City Cuts $500G from Pledged $2M Fund to Protect Waterfront Renters

Williamsburg, NY - The city is backing off a pledge to spend $2 million to battle tenant displacement along the Brooklyn waterfront. The Bloomberg administration committed to creating the fund in an agreement that was key to gaining community support - and City Council approval - for a 2005 rezoning. That rezoning allowed for high-rise residential development on the Williamsburg and Greenpoint...