Stuyvesant Town-Peter Cooper Village Tenants Association

Stuyvesant Town-Peter Cooper Village Tenants Association

Mayor de Blasio Meets with ST/PCV Tenant Leaders

On Tuesday, July 15, Mayor de Blasio met with tenant leaders and elected officials representing Stuy-Town/PCV today to discuss steps the administration is taking to protect affordability at the complex. The meeting was hosted by Councilman Dan Garodnick in his Peter Cooper Village apartment.

Mezzanine Lenders Sue CWCapital over Deed in Lieu of Foreclosure

The recent move by CWCapital to transfer a deed in lieu of foreclosure to the senior bondholders has resulted in legal action by certain junior bondholders of the default debt of Stuyvesant Town–Peter Cooper Village. Your Tenants Association will be following the lawsuit and will report significant developments as they occur.

Roberts Settlement Distribution Q&A

Although the Tenants Association is not a party to the Roberts class action suit, we have received many questions about the recent distribution of settlement payments. We asked Wolf Haldenstein Adler Freeman & Herz, the attorneys representing the class, to provide a Q&A to respond to the issues you’ve raised. Further questions should be addressed to Michael Liskow at Wolf Haldenstein at (212) 545-4600.

A Great First Step Toward Helping Stuyvesant Town-Peter Cooper Village Tenants

Two major newspapers have just reported that Fannie Mae, Freddie Mac and the Mayor’s Office are taking steps to protect Stuyvesant Town-Peter Cooper Village affordability.

CWCapital Takes Ownership of Stuyvesant Town–Peter Cooper Village

On Tuesday, June 3, 2014, CWCapital changed course. Instead of foreclosing on the mezzanine debt on June 13 as was expected, it executed a deed in lieu of foreclosure and is now the owner of the property. (Before this, CWCapital was managing the property on behalf of the mortgage holders.)

DHCR Concludes Formal Amendment Process to Various Regulations in the Rent Stabilization Code

Office of Rent Administration has reviewed and updated many of its important Fact Sheets.  Tenants are encouraged to read them and familiarize themselves with the changes.  Tenants are better protected when they stay informed on the complexities of Rent Regulations.

Late Rent, Excessive Late Fees?

If you’ve paid a late fee and not told us we what to hear from you.

Help! I can’t figure out my May rent statement!!

The May rent statement is written in code. Here’s how to interpret it.

Council Member Dan Garodnick Sounds Alarm on Overleveraged Housing

Despite relentlessly climbing rents and the continuing effects of the Great Recession, overleveraging (when the cost of borrowing is greater than the return on the asset) is not a thing of the past: it is present, healthy, and still a threat to tenants. Council Member Dan Garodnick has issued a report to address the matter and suggests some fixes.

ST/PCV Tenants Association and CWCapital Negotiate Settlement of MCI Orders, Saving Tenants Money

The Stuyvesant Town–Peter Cooper Village Tenants Association and CWCapital agree to settle MCI claims rather than endure long-term legal and administrative processes.

Frequently Asked Questions About Foreclosure, Restructuring and Conversions

If you have been puzzling over newspaper reports of a court battle for Stuyvesant Town and Peter Cooper Village, you are not alone.  This review and analysis should help.

Statement of Principles

Explains the basic tenets any entity wishing to partner with the tenants must agree to.