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.
When asked how much ACORN might make off Atlantic Yards, the city’s Department of Housing Preservation & Development referred questions to Ratner, who said via a spokesman it wasn’t the “appropriate time” to make such “decisions.”
But Anita MonCrief, a former ACORN official-turned-whistleblower, estimates the anticipated deal could bring the group $5 million to $10 million annually over multiple years from the public and private sector based on other housing deals ACORN has nationwide.
Patti Hagan, a Prospects Heights activist and former operative for ACORN’s political arm, the Working Families Party, said she’s learned the hard way that “ACORN is a corrupt organization that had its silence bought by Ratner.”
As Ratner was quietly funneling $1.5 million in grants and loans to ACORN last year, his firm was reeling from the economic downtown and laying staff off and bringing in “value engineers” to shave Atlantic Yards’ costs.
Critics and some project supporters began questioning whether Ratner could deliver the affordable housing and jobs he promised. But ACORN — which was embroiled in an embezzlement scandal and owed millions of dollars in back taxes — remained silent and accepted Ratner’s gift.
The developer says he expects to break ground on the arena by year’s end and have the New Jersey Nets playing there by the 2011-2012 season, but the timetable for the rest of Atlantic Yards remains unclear.
In ACORN’s latest boondoggle, organization workers in several cities were secretly videotaped giving advice to Conservative activists posing as a pimp and hooker on how to dodge tax and immigration laws.
Still Ratner says he doesn’t regret assisting ACORN, adding his company was “pleased to help at that time of need.”