NY Post: ACORN Still Stands to Make Millions

From the New York Post:

Despite a string of scandals that recently led Congress to cut off its federal funding, ACORN still stands to make millions of dollars off its support for Brooklyn’s controversial Atlantic Yards project, The Post has learned.

The left-wing organization — longtime boosters of the $4.9 billion NBA arena and residential- and office-tower project — says it expects to be tapped to market and help decide who gets to live in the coveted, but long-delayed, 2,250 affordable-housing units planned for Atlantic Yards.

This, after Atlantic Yards developer Bruce Ratner helped bail ACORN out of financial trouble last September with a $1 million loan and a $500,000 grant, according to memos.

Although contracts are not yet been signed, Ismene Speliotis, executive director of ACORN’s New York chapter, told The Post her organization “expects to play a role in the marketing and lease-up” of the Prospect Heights project’s affordable housing to be underwritten by the city.

The work would include community outreach and screening people to determine qualified applicants, and then scandal-scarred ACORN would be entrusted with overseeing a lottery system to choose who gets the housing. Ratner’s firm is expected to manage the housing. (more…)