HUD Settles with New York Owners over Lead Hazards

A New York City property management company and 20 affiliated owners of federally assisted multifamily sites in Brooklyn have reached a settlement with HUD over their failure to properly handle lead-based paint hazards. The owners agreed to pay a $20,000 penalty for failing to provide information regarding lead hazard reduction work at the sites and to clean up lead-based paint hazards in nearly 800 units.