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September 21, 2009
The New York Post discovers (and downplays) ACORN's deal with Forest City Ratner
Atlantic Yards Report
Now that the national organization ACORN has been in the news, after a video sting operation exposed some unwise advice from low-level employees, the New York Post mentions, in passing, something far more significant: developer Forest City Ratner's bailout of the national organization, with a $500,000 grant and a $1 million loan.
...The scandal has nothing to do with ACORN's housing management role, and ACORN's role in helping decide who gets to live in the affordable housing units involves running a lottery. (Yes, there are ways lottery marketers can ensure that certain groups are informed about applying, though it's likely Atlantic Yards housing would get much publicity.)
And it's not news that ACORN would earn fees for marketing the units.
...The $1.5 million bailout is much bigger news, because it shows Forest City Ratner stepping in after major foundations, which had previously supported ACORN, stopped contributing after an embezzlement scandal.
Posted by eric at September 21, 2009 9:50 AM