BronxProGroup manages 93 subsidized apartment buildings containing more than 3,300 affordable apartments, mostly in The Bronx.

One in three units are in buildings where this year expenses are greater than the rents collected. One in five are in buildings in such poor financial shape that the owners will have to resort to renegotiate their loans to lower their risk of defaulting.

CEO Samantha Magistro, who joined the family-owned firm about 25 years ago, says half of the units are in buildings that no longer can make any payments to their owners.

The business of running this kind of housing, increasingly, isn’t a viable one.

These buildings are not only rent regulated, but were also built with requirements that the apartments be leased at very low rents to people with very specific low

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