Peekskill Housing Authority Strapped With $500K In Debt

  • Comments (1)
The Peekskill Housing Authority is facing a $500,000 deficit.
The Peekskill Housing Authority is facing a $500,000 deficit. Photo Credit: Art Cusano

PEEKSKILL, N.Y. -- The Peekskill Housing Authority is $500,000 in debt and is considering drastic measures to help fill the financial shortfall, according to LoHud.com. 

The housing authority is dealing with several financial shackles, including thousands in unpaid rent and an $854,000 lawsuit that was filed by a former executive director, LoHud.com reported. 

In an effort to help curb the financial crisis, new executive director Patricia Croslan has canceled a $161,000 security contract, cut an after-school program and has begun to go after tenants who haven't paid rent. The efforts still aren't enough, however, and the authority may have to sell properties for a one-time financial infusion, LoHud.com said. 

Click here to read the full article.

  • 1
    Comments

Comments (1)