This from New York 1:

The new owners of Starrett City, the
nation’s largest federally-subsidized rental complex, say they are
committed to keeping the rent under control.

Clipper Equity bought the 140-acre site for $1.3 billion yesterday.

The complex, which recently changed its name to Spring Creek
Towers, includes 6,000 apartments for low and middle income families.

Tenants fear the huge price tag will cause the new owners to jack up the rent, forcing them to move out.

But Brooklyn Borough President Marty Markowitz says that won’t happen.

"Starrett City must always remain affordable it is the most premier
affording housing project in these United States,” said Markowitz. “I’m
happy it’s in Brooklyn and we have every intention that will keep that
way. Period."

Council Speaker Christine Quinn has also expressed concern over the
sale and says she’s anxious to see the buyer’s plan. She and city
officials have asked to meet with Clipper Equity to discuss the
company’s plans.