In New York, co-op owners became renters overnight. Now the city may pay $60 million

Families who bought into an affordable housing co-op in the Bronx say their ownership rights vanished almost overnight when New York City transferred their building’s deed in 2018.

After litigation that began in 2019, the city has agreed to a $60 million settlement while many residents say the damage to their families’ futures is far from repaired.

Here’s what to know…