New York City Mayor Eric Adams announced earlier on Monday a settlement that discontinues the operation of illegal hotels and allows low-income families affordable homes on the Upper West Side of Manhattan.
The $1.1 million settlement between the Office of Special Enforcement and Hank Freid, the illegal hotel operator, finally ended the decade-long legal battle to protect tenants at buildings Fried used to operate illegal hotels. The lawsuit ended in a total of $2 million penalties.
The Fortune Society has obtained the building and will be working with the Department of Housing Preservation and Development and the Department of Social Services in an effort to create 82 affordable apartments. As the administration makes strides towards necessary action to progress the community in New York City, many have commended the Mayor and various departments involved in this process.
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