By: Jarrett Murphy
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/_QZAZwXXn2pw/TJu6FgKGrEI/AAAAAAAAAN4/05kdK3k2HP4/s1600/DSCN2252.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="300" src="http://1.bp.blogspot.com/_QZAZwXXn2pw/TJu6FgKGrEI/AAAAAAAAAN4/05kdK3k2HP4/s400/DSCN2252.jpg" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;">Council Speaker Christine Quinn at City Hall last week, announcing a new strategy to deal with distressed buildings like Milbank’s (Photo by Jeanmarie Evelly)</td></tr></tbody></table>Members of City Council and a number of housing advocacy groups unveiled a plan last Thursday to deal with the city’s growing number of distressed, overleveraged properties-including 10 Bronx apartment buildings owned by Milbank Real Estate, which have been in worsening states of disrepair since the company went into foreclosure on the properties last year.<br /><br />The program will elicit the help of pro-bono engineers and architects to assess the damage in properties like Milbank’s so that tenants can have a detailed list of their building’s problems, and better hold landlords accountable for making repairs.<br /><br />"We believe it’s important for residents to be armed, so they can advocate for their own solutions," said Andrew Reicher, executive director of the Urban Homestead Housing Board, which has been working with Milbank tenants for the past several months. <br /><br />The first property survey, done by Baer Architect Group and the Northwest Bronx Community and Clergy Coalition, is a nightmarish list of 3,300 housing violations in the 10 Milbank’s properties, which are scattered throughout the northwest Bronx. The study confirms what tenants have long been saying.<br /><br />Complaints include leaking walls and ceilings, broken elevators, rotting floors and months without a working toilet in some apartments. It calculated that the cost of repairs for all the buildings could add up to over $24 million.<br /><br />"It’s reprehensible," said Charlene Barton, who lives in one of the properties at 1576 Taylor Avenue, and says she’s been fighting a mold infestation for almost a year. "Why manage a building if you’re not going to take care of it?"<br /><a name=’more’></a><br />Milbank, a California-based real estate company, bought the buildings in 2006 and 2007 during the boom times, taking out a hefty $35 million mortgage to pay for them and hoping to hike up rents to turn a profit.