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May 27, 2009
Money questions for the Senate hearing: public benefit plunging, MTA obligation thrown off, per-unit subsidy compared
Atlantic Yards Report
Norman Oder keeps coming up with questions for Friday's State Senate hearing on Atlantic Yards, including some worth posing about promised affordable housing.
I've previously questioned whether the ESDC ever considered whether enough housing bonds would be available to build the affordable housing at the announced timetable.
Evidence suggests the timetable was never realistic.
But did the ESDC ever compare the per-unit subsidy with the subsidy for units at other developments? Would this be a prudent use of housing subsidies? Obviously, cost should not be the only factor, but when and how should the various factors be applied?
These questions never came up in public, to my knowledge, but they're still worth asking.
Posted by eric at May 27, 2009 10:28 AM