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| | Deep House Page Forums: home ownership in NYC |
 | | With central and west Harlem now among the city's hottest neighborhoods, "affordability is a crisis," said Sheena Wright, president and CEO of the Abyssinian Development Corporation, a Harlem nonprofit housing development group. |
 | | Owners of the many Harlem buildings constructed with city tax breaks in return for providing low-income housing can soon turn them into market-rate condos, potentially displacing 18,000 low-income families in central Harlem, she said. |
 | | Instead, he was able to arrange a reverse mortgage, which is a complex type of financing that allows older homeowners to take money out of their home, but that could take the home away from him, or his estate, when he moves or dies. |
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