Why Won't City Agency Reveal Subsidy Size of Atlantic Yards Project?
The city's Department of Housing Preservation & Development (HPD) continues to styme requests on how much they will be subsidizing Bruce Ratner's housing in the Atlantic Yards project.
Norman Oder at Atlantic Yards Report has been trying to learn, and HPD continues to turn him down, sometimes breaking the law in the process. Norman was forced to file a FOIL request for the information, and HPD first took too long to reply, then denied the request.
The information would reveal how much the city is subsidizing the affordable units in the plan. It's important information to know, because the affordable units are not just a gift from Ratner, tax payers are contributing to the financing. (You have to love when a developer steals from you, then gives you back the money, and says, "aren't I generous, you should thank me.")
Norman Oder at Atlantic Yards Report has been trying to learn, and HPD continues to turn him down, sometimes breaking the law in the process. Norman was forced to file a FOIL request for the information, and HPD first took too long to reply, then denied the request.
The information would reveal how much the city is subsidizing the affordable units in the plan. It's important information to know, because the affordable units are not just a gift from Ratner, tax payers are contributing to the financing. (You have to love when a developer steals from you, then gives you back the money, and says, "aren't I generous, you should thank me.")
It's a reasonable question, because the project would not simply "provide 2,250 low-, moderate-, and middle-income rental apartments," as stated in a Crain's poll that's been trumpeted as depicting support for Atlantic Yards, but taxpayers would pay for that housing.
By knowing the city subsidies, we might be able to compare the affordable housing planned for Atlantic Yards with affordable housing elsewhere. After all, that's what Deputy Mayor Dan Doctoroff did when he said the Queens West project was a better deal than trying to maintain Stuyvesant Town."
Source: AYReport
By knowing the city subsidies, we might be able to compare the affordable housing planned for Atlantic Yards with affordable housing elsewhere. After all, that's what Deputy Mayor Dan Doctoroff did when he said the Queens West project was a better deal than trying to maintain Stuyvesant Town."
Source: AYReport
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