Rep. Maloney Requests Meeting with MetLife CEO

Affordable housing for thousands may be in jeopardy when MetLife sells Stuyvesant Town, Peter Cooper Village
Sep 18, 2006 Issues: Financial Services, Local Issues, Sale of Stuyvesant Town and Peter Cooper Village, Working Families

New York, NY – On Friday, Congresswoman Carolyn B. Maloney (D-Manhattan, Queens) requested a meeting with MetLife CEO C. Robert Henrikson to discuss the impending sale of the Stuyvesant Town and Peter Cooper Village housing developments.  Residents of the complexes, which are located in Maloney’s district, are concerned that purchasers are likely to try to force out existing tenants.  In a letter dated September 15, 2006 (text), Maloney expressed her desire to talk with Henrikson about ways “to enable MetLife to achieve its ends while still maintaining affordable housing and a stable community at Stuy Town and Peter Cooper.”

“MetLife’s windfall shouldn’t be the downfall of affordable housing on the East Side,” Maloney said.  “I urge MetLife to sell to a responsible developer who understands and respects the area’s history of providing affordable housing to New Yorkers.”

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