AG probing Abyssinian’s finances

City cut off $3.1 million in contracts to the affordable developer in September

TRD New York /
Nov.November 18, 2015 10:12 AM

It just seems to keep getting worse for Rev. Calvin Butts and his Abyssinian Development Corp., Harlem’s largest provider and manager of affordable housing.

New York State Attorney General Eric Schneiderman is investigating the company’s finances, requesting information about the firm – the development arm of Butts’ Abyssinian Baptist Church – from multiple city agencies.The request submitted to the Mayor’s Office of Contract Service was received last month, the New York Daily News reported.

Abyssinian manages more than 1,500 affordable housing units, and operates a variety of education and social service organizations.

In September, the city abruptly pulled $3.1 million in contracts from the developer, citing its failure to file annual tax forms and audits over the past three years.

Abyssinian recently sold a Pathmark supermarket location at 142-96 East 125 Street in Harlem to Extell Development for $39 million, in a move that prompted a lawsuit against Butts’ firm by its former partner, the nonprofit East Harlem Triangle. Extell has plans for luxury condos on the site, the Daily News reported. [NYDN]Ariel Stulberg


Related Articles

arrow_forward_ios
16 candidates vie to fill out the rest of Schneiderman’s term

16 candidates vie to fill out the rest of Schneiderman’s term

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

AG settles with Allure Group over nursing home investigations

AG settles with Allure Group over nursing home investigations

New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims

New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims

Carthage must be thrilled: Developer closes on $28M Harlem complex deal

Carthage must be thrilled: Developer closes on $28M Harlem complex deal

Notorious NYC landlord pleads guilty to mortgage fraud, grand larceny

Notorious NYC landlord pleads guilty to mortgage fraud, grand larceny

Why outlet malls could soon be popping up in NYC

Why outlet malls could soon be popping up in NYC

Landlord Daniel Melamed found guilty of illegally evicting tenants

Landlord Daniel Melamed found guilty of illegally evicting tenants

arrow_forward_ios