Friday, February 8, 2008

City Comptroller Responds Regarding Kellner's Concerns at Eastwood

NYC Comptroller William Thompson has issued a letter to Assembly Member Micah Keller regarding concerns regarding Urban America’s management practices and issues concerning the tenants of the Eastwood apartment complex. Assembly Member Kellner had written the Comptroller as NYC pension funds had been invested in the City Investment Fund, Urban America’s partner in the purchase of the Putnam Portfolio which included Eastwood.

The New York Observer in September, 2007 reported on the City’s interest in CIF and possible concerns regarding affordable housing issues.

The full letter response can be read by double clicking the below image file.

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