The Bronx is finally getting a bailout, said federal and city officials visiting two nightmarish apartment buildings Tuesday. Donna Gambrell, director of the U.S. Treasury Department's Community Development Initiatives Fund, made the trip from Washington to salute plans for renovating the slums by two ex-Wall Street bankers. Craig Livingston and Michael Callaghan are using government financing to fix up 1553-1555 and 1558...

Two Bronx properties listed among the worst apartment buildings in New York are about to see a makeover. The two buildings, at 1553 and 1558 Bryant Avenue, will undergo a multi-million dollar renovation overseen by developer Exact Capital Corp. and the Housing Partnership Development Corporation (HPDC), an affordable housing non-profit group. The U.S. Department of Finance’s Community Development Financial Institutions Fund...