Letitia James calling for review into “corrupt” city housing program

The Public Advocate says the Tenant Interim Lease program is damaged

TRD New York /
Apr.April 27, 2017 10:35 AM

615 West 150th Street and Letitia James (Credit: Getty Images)

Public Advocate Letitia James is calling for an independent review into a housing program that allows renters to buy city-owned apartments for as little as $250.

The city’s Tenant Interim Lease program, which offers below-market rents in city-owned buildings with the understanding tenants will eventually be able to buy the apartments, is currently being probed by the city’s Department of Investigations, DNAInfo reported.

The department is looking into accusations that the coordinators of the rent-to-own program, who were charged with supervising buildings, would regularly doctor or falsify reports. There’s also allegations they failed to do site visits and that residents stole money from tenant association’s bank accounts. The investigation has now been underway for more than a year.

James claims the Department of Housing Preservation and Development has not properly funded or managed the program.

“As our city faces a crisis in affordable housing, it is shocking that a city-run program is allowing hundreds of affordable units to remain vacant,” James said, according to the website. She said around 40 percent of the more than 2,300 units the program’s buildings are empty.

James will release a policy brief Thursday detailing her concerns about the program. It claims the program is “rife with corruption” and the HPD “has not adequately performed their jobs,” according to DNAInfo. [DNAInfo]Miriam Hall


Related Articles

arrow_forward_ios

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

arrow_forward_ios