Federal Judge Blocks NYC Bankruptcy Sale In Major Blow to Mamdani

on $560 million in loans, and the Mamdani administration has claimed it owes the city $12.7 million in unpaid housing code fines.

Mamdani had directed the city’s Law Department to intervene, arguing the deal could worsen housing instability for thousands of tenants living in subsidized apartments.

But Judge Jones rejected the city’s motion, saying the continue reading …