According to today’s New York Times, Thursday, September 20, 2007, the report issued by State Inspector General Kristine Hamann, indicated that:
"The state housing agency’s “deep and systemic failure” to properly oversee the rapidly dwindling supply of subsidized middle-income housing has led to the deterioration of the buildings, an increase in rents and a waste of taxpayer money."
The report apparently also included references to Westview:
"At the highly desirable Westview complex on Roosevelt Island, investigators found a troubling proposal to convert the building to market-rate condominiums. The Division of Housing and Community Renewal granted a proposed buyer a waiver in 2004 to manage the complex. By August 2006, 31 apartments in the complex had been vacant for about a year, despite a waiting list of 1,000 and a policy that “there should be no vacancies in subsidized housing in New York.”
It appears that the operator was warehousing the vacant apartments in anticipation of a windfall from their sale as condominiums. Nevertheless, the report said, an agency inspector “termed the complex’s inflated vacancy rate ‘satisfactory.’ ” The sale fell through in March 2006."