Department didn’t track affordable units, audit says

The Department of Housing Preservation and Development never followed up to see whether developers who got discounts on city land in exchange for building affordable housing actually built those homes, according to the New York Daily News. Under the department’s Cornerstone Program, developers received vacant city-owned land in exchange for building 2,191 residential units on the property, of which 1,510 would be for low- or middle-income residents. But according to an audit by Comptroller William Thompson released today, the department did not track how many developments were participating in the program or how many affordable units were built.