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July 11, 2007

Brennan doubts affordable housing at Yards - Rental, affordable units will show little profit, state assemblyman warns

Courier-Life Publications

NY State Assemblyman Jim Brennan concluded that the Atlantic Yards affordable housing is at risk, based upon analysis of documents obtained by his office.

Courier reporter Stephen Witt says that Forest City Ratner and Bertha Lewis say it isn't so:

But both developer Forest City Ratner Companies (FCRC) and ACORN (Association of Community Organizations for Reform Now), which forged the affordable housing component, maintained their deal remains on track for completion.

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Posted by lumi at July 11, 2007 7:50 AM