This from New York 1:

The federal government blocked a second attempt to purchase Brooklyn’s Starrett City housing complex Monday.

The U.S. Department of Housing and Urban Development denied Clipper Equity’s request to buy Starrett City for a second time.

Clipper Equity submitted its proposal back in March, but on Monday,
HUD stated in a letter that it does not believe the buyer has the
financial capacity to keep the complex affordable.

Clipper Equity was looking to buy Starrett City for $1.3 billion.

It’s currently the largest affordable housing project in the country.