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Tenant leader details Pinnacle bankruptcy transition; HPD fast-tracking inspections, city schedules town hall
Summary
Diana Finch told the Housing and Land Use Committee that dozens of Pinnacle-owned buildings were affected by bankruptcy, new owner Summit pledged roughly $33 million for repairs, HPD has prioritized inspections for the bankruptcy properties, and the mayor's office will hold a tenant town hall April 22.
At the April 16 meeting, resident Diana Finch gave a detailed account of the Pinnacle portfolio and the recent bankruptcy process. Finch said Pinnacle placed 93 buildings into a bankruptcy auction and that the city intervened to secure commitments from the buyer, Summit, to fund repairs. Finch described a promised funding pool of "millions of dollars" and later referenced…
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