From Seth Miller:

As we know, the city didn’t bother to enforce the J-51 law at Independence Plaza North, under which every apartment should have been registered as stabilized before HPD permitted the development to leave Mitchell Lama. Instead, nearly two years after IPN left the Mitchell Lama program, after numerous in-person meetings between HPD’s commissioner and Gluck’s lawyers (to which the tenants were not invited), HPD accepted back Gluck’s repayment of the post-Mitchell Lama J-51 benefits, giving Gluck a fig leaf to defend against what had by then become the tenants’ lawsuit for rent stabilized status. Part of the logic here is that, to Bloomberg, it is better to have the federal taxpayer pay for vouchers that protect only the poorest tenants, while the landlord gets market rents, than for the City to actually enforce a law that mandates affordable rents for everyone.
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Farriella for News

Via Adam Lisberg and The Daily News:

The Bloomberg administration never checked to see if developers who got discounted city land in exchange for building affordable housing kept their end of the deal, the Daily News has learned.
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