New Jersey real estate investors have left affordable housing complexes across the country in shambles. Plus, the FTA has ordered SEPTA to better protect transit operators from assaults.
Timothy Sharpe, one of many senior citizen residents of Brith Sholom House, a large apartment building that is in disrepair, shown here walking to the bus stop.
Brith Sholom is part of a network of affordable housing complexes owned by companies linked to the Puretz family — New Jersey real estate investors with a pattern of buying large developments in need of major repairs, inflating their value to lenders, then profiting as they let the properties fall into ruin. Across 21 states, the Puretzes have left thousands of poor, older, and disabled residents in dangerous conditions.
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