Beginning in the late 1960s, the Lower East Side of Manhattan was facing massive disinvestment by absentee landlords — by the late 1970s up to 80% of the area's housing stock was abandoned and in rem (seized by the city's government for non-payment of taxes). By the late 1970s and 1980s, a growing squatter movement and a small but visible “downtown” arts scene developed from within the burgeoning gentrification of the largely Puerto Rican community in the Lower East Side.
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