Mr. Diggs was heading toward a publicly financed apartment tower that the police said was his last known address, just across the nearby railroad tracks.
"It is impossible now to develop conventionally financed apartment housing," said Pres Kabacoff, chief executive of HRI Properties, a national company based here.
I explained that my father was of Italian descent, lived in New Jersey, had constructed many publicly financed apartment buildings — and was now being investigated by the U.S. Attorney for the Southern District of New York regarding income-tax evasion.
In another case pending in District Court, the housing center is representing an elderly woman and her brother who documented eviction threats they received from the management of Anvil Place, a federally financed apartment building in New Britain for people 55 and over.
They ran successful publishing companies, a record label called Who's Who In Jazz, and by the late 1970s, were financing apartment blocks in Harlem under the aegis of the Lionel Hampton Development Corporation, and planning a new university for the district.
Mr. Kislak, 32, works in Woodbridge, N.J., as the director of marketing at the real estate brokerage services division of J. I. Kislak, a Miami firm, which builds, owns and finances apartment houses, shopping centers and industrial properties.
Banks are more cautious about financing apartments in renter-heavy buildings, Mr. Klein said.
A man whose company had helped finance the apartments told a reporter that out of a total 56 apartments available, 14 had been spoken for.
Emily A. Youssouf, the corporation's president, said: "Not long ago, we would have been excited to finance 5,000 apartments over the course of two years.
The spike in oil prices is punching holes in the finances of apartment buildings across the city, from small walk-ups to the giant Co-op City complex in the Bronx.
