There are a variety of ways that affordable housing gets built, but in the end it is usually one government subsidy or another. My assumption is that John C. is refering to 80/20 bonds, of which HFA is issuing for only 4 projects this year (including the Forest City DeKalb project). While I understand that there are a variety of subsidies for Atlantic Yards, I would be surprised if AY was taking 80/20 bond allocation from projects that are going up now.
There are a variety of ways that affordable housing gets built, but in the end it is usually one government subsidy or another. My assumption is that John C. is refering to 80/20 bonds, of which HFA is issuing for only 4 projects this year (including the Forest City DeKalb project). While I understand that there are a variety of subsidies for Atlantic Yards, I would be surprised if AY was taking 80/20 bond allocation from projects that are going up now.
Posted by: JJ at July 17, 2008 10:51 AM in response to John Catsimatidis: Tough Guy For Tough Times