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Peekskill Housing Authority Strapped With $500K In Debt

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 Peekskill Housing Authority is facing a $500,000 deficit.

The Peekskill Housing Authority is facing a $500,000 deficit.

Photo Credit: Art Cusano

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. 

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