Items tagged with 'Luke Stoddard Nathan'

How 27 properties in a Troy neighborhood ended up in a shaky situation -- and the complicated path back to solid footing

Beman Park 2152 Fourteenth St

One of the properties on Fourteenth Street.

By Luke Stoddard Nathan

On January 12, 2012, Rensselaer Polytechnic Institute in Troy issued an emergency notification, advising students who rented off-campus housing from a company called Campus Habitat "that the continuation of their ability to reside in that residence may be in immediate jeopardy." Campus Habitat had not paid its mortgage, utility bills, or real-estate taxes for several months, and was "involved in a large similar foreclosure lawsuit" near a school in Illinois, the alert advised.

Some 200 students escrowed or withheld rent; many sought new housing. And the memo was prophetic: Within weeks, the student-rental company's largest area lender, SEFCU, posted foreclosure notices on the doors of 27 homes.

Today students still occupy most of these homes, but it wasn't a straight path to this point. Sited in teetering neighborhoods in a city never far from "fiscal chaos," this critical assemblage of student housing, over the past half decade, has entailed a tangle of litigation, a protracted sale period, a surprise intervention, and millions of dollars in public and private investment -- all to overcome the actions of a landlord who profited at the community's expense and left a sizable chunk of the neighborhood untended.

(there's more)

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

The week ahead

Here are a few things to keep in mind, look forward to, or keep busy with this week, from the weather (chilly), to spooky tours,... (more)

Gawking at the new Schenectady train station

In a bit of a surprise the new Schenectady train station opened this past Wednesday, a few weeks ahead of the announced schedule. The $23... (more)

A little push up the hill

Wrapped into my update this past week about what it's been like to use a bike as one of my primary ways of getting around... (more)

A collection of castle day trips

This part of the country is dotted with castle-like structures, full of history, mystery, romance, and fairytale. Here's a handful of castles that are within... (more)

Classics of Science Fiction at The Linda

A multi-day get-together called Classics of Science Fiction will be at The Linda in Albany November 1-4. Blurbage: Guests include authors, artists, podcasters, cosplayers, business... (more)

Recent Comments

I ride every day to work, and also after work for exercise. I love the concept of being a person who happens to ride a bike. There's a level of bike riding, with the high performance gear and sleek clothing, that makes riding seem like its not for everyone. I try to avoid markers like that, and always wear regular clothing/shoes/backpack with dumpy-looking bike. One concession is bike gloves.

Gawking at the new Schenectady train station

...has 4 comments, most recently from Walter Clark

A collection of castle day trips

...has 1 comment, most recently from Jsc

A little push up the hill

...has 2 comments, most recently from Ryan H

Today's moment of mural

...has 3 comments, most recently from Rich

A year later I'm still using a bike to get around town -- here are a few thoughts about how that's worked out

...has 13 comments, most recently from Randal Putnam