She said the 448 families who lived at the hotel, on West 32d Street near Herald Square, were moved to newly rehabilitated apartments, other shelters and city housing projects.
Last year it sold about 70 newly rehabilitated apartments.
On January 20, 1988, the newly rehabilitated station building was destroyed by fire.
The New York City approach has set up a competition over which families should have first preference for that scarce but desirable commodity, the newly rehabilitated, city-subsidized apartment.
Once the most devalued neighborhood in Oakland, the Lower Bottoms now has some newly rehabilitated Victorian homes that have recently sold for $700,000.
One owner reported an additional 150 percent increase in costs over flat-rate charges in a newly rehabilitated building in the Bronx.
Privately owned buildings with lower-income tenants, which must pay taxes and meet debt expenses, cannot be expected to operate decent affordable housing at the level of newly rehabilitated debt-free buildings.
The city estimates that 15,000 of the total 47,000 units of newly rehabilitated housing will go to this population.
When families moved into the 15 apartments of the newly rehabilitated building in June 1990, city housing officials told them to budget $2,500 a year for taxes and water and sewer costs.
Soon I was nearly tumbling down Pine Street, through the financial district, and just about into the lobby of the newly rehabilitated Ferry Terminal.