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May 18, 2009

Why Atlantic Yards affordable housing will be long-delayed, and why ACORN can't complain

Atlantic Yards Report

Despite the rhetoric, there are couple of important things to know about the promises regarding Atlantic Yards affordable housing.

First, should the project proceed, the housing will not be built on a schedule close to that originally promised.

Second, ACORN, signatory to the affordable housing Memorandum of Understanding (MOU) and the Community Benefits, owes Forest City Ratner $1 million and is in no position to complain about delays.

Today Norman Oder examines:

In bonus coverage, at "considerable agency time and expense" the Empire State Development Corporation FOIL's Norman Oder again.

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Posted by lumi at May 18, 2009 6:48 AM