NY affordable housing developments misspent funds, put residents at risk: Report

Five New York state taxpayer-supported affordable housing developments misspent funds and two projects also have health and safety issues that need addressing, a recently released report from the state Comptroller’s Office shows.

Barker Terrace and Sunnyside Manor in Westchester County, Tompkins Terrace in Dutchess County, Seneca Towers in Monroe County and Executive House in Albany County were audited between January 2019 and December 2022. All are part of the state’s Mitchell-Lama housing program, which provides more than 100,000 affordable housing units for New Yorkers across the state, and is the largest of its kind in the U.S.

The report also determined that the state Division of Housing and Community Renewal (DHCR), which oversees the Mitchell-Lama program outside of the city, doesn’t do so sufficiently…

Story continues

TRENDING NOW

LATEST LOCAL NEWS