After transmitting developer's flawed stats and provoking doubts, ESD corrects affordable housing chart. A question lingers.
This is the second of two articles on the April 18 meeting of the Atlantic Yards Community Development Corporation (AY CDC), charged to advise on the project and monitor obligations. The first concerned the foreclosure auction, likely to be postponed, and the AY CDC budget passage. OK, I was right. After Empire State Development (ESD), the state authority that oversees/shepherds the project, on March 26 released an Atlantic Yards/Pacific Park Affordable Housing Analysis that prompted questions from me, they went back and corrected it. The correction, below, acknowledges a shift at 535 Carlton of eleven middle-income units to moderate-income ones, though it doesn't explain--as I had reported and two AY CDC directors noted--that it was done to enable significant tax savings at the condo building 550 Vanderbilt down the block, awkwardly yoked in a "zoning lot." The revised chart also reclassifies 24 studios at 662 Pacific as middle-income, not moderate-income; though the