Missing from the Crain's article about ACORN's successor in New York: Ratner bailout, housing doubts
The post-Acorn group also remains a player at Atlantic Yards, working with the city and developer Forest City Ratner to ensure that 2,250 units of subsidized housing get built near the new Nets arena.Unmentioned:
- the ability of Forest City Ratner to claim Affordable Housing Subsidy Unavailability, thus delaying the pledge regarding housing
- the fact that a good chunk of the housing would be at or above market
- the fact that Forest City Ratner bailed out national ACORN with a $1.5 million loan/grant in late 2008.