REPORT: Profiting from a Corrupt System: How the Affordable Housing Industry Robs New York City

Since the beginning of Mayor Bloomberg’s term almost 15 years ago, New York City’s affordable housing developers ran amok, taking advantage of public trust and taxpayer dollars. They did it easily and have no reason to stop. While stagnant wages and rising rents dramatically increased the need for affordable housing, these developers profited from building affordable projects that were not really affordable. In the process, they abused workers, committed wage theft, and got caught up in ethics scandals. Read the full report.