Gluck says take the money even if not necessary

NY Post

By JOSH KOSMAN

-->

Last updated: 11:39 am
August 13, 2009

First it was the banks and automakers that got a helping hand from Uncle Sam -- and soon some New York City apartment complexes could get one, too.

A bill winding its way through Congress proposes to prop up deteriorating apartment complexes by injecting $2 billion from the Troubled Asset Relief Program into an effort to stabilize multifamily properties in default or foreclosure.