« For its defense of case challenging AY project approval, ESDC relies on deference to documents still under wraps | Main | Robin Hood in Reverse »
January 15, 2010
Asked for current Atlantic Yards affordable housing plans, NYC HDC sends back resolutions more than three years old
Atlantic Yards Report
If developer Forest City Ratner and its government partners have concrete plans to build affordable housing at the Atlantic Yards site, they haven't yet made moves to implement them.
In a Freedom of Information Law (FOIL) request, I asked the New York City Housing Development Corporation (HDC) for "documents that describe the current plans and timetable for affordable housing at the [Atlantic Yards] site, including the public costs/bonds involved."
What I got back was old hat: a collection (see below) of 20 documents, each a Resolution of Declaration of Intent, passed by the HDC board between 7/20/04 and 1/8/07, adding up to more than $2.2 billion in bonds.
They do not assure tax-exempt bonds for a measure of affordable housing; they simply mean that a developer may apply for such financing.
NoLandGrab: Once again, we guess we should just trust Forest City's "guarantee." Uh huh.
Posted by eric at January 15, 2010 1:03 PM