Executives from two for-profit property management companies acknowledged Monday that the residents of the Aliced Griffith Housing Project in Hunters Point aren’t getting the services they need, that elevators are still broken, that trash isn’t collected, and that many units aren’t habitable.
They also said they aren’t making enough money on the projects to do the necessary repairs.
The hearing by Sup. ShamannWalton was a remarkable look into how the privatization of public housing has worked—and hasn’t.
In this case, McCormack Baron Salazar, a St. Louis-based company with more than $5 billion in assets that develops and manages housing, has a long-term contract to operate what was once a city-managed public housing project…