New York CIty Council Member Ben Kallos

Konrad Putzier

The Real Deal NYCHA’s private lifeline by Konrad Putzier

NYCHA’s private lifeline

Local City Council member Ben Kallos claimed Fetner plans to cluster the affordable apartments on lower floors and reserve the upper flowers for higher-paying tenants. But representatives for Fetner and NYCHA deny that.

Kallos said he would support the infill program only if it was fully affordable and argued that the $25 million Fetner paid the agency for the land was far too low. “It would be a violation of anyone’s fiduciary duty at a company to sell off all of your assets, leaving you without the money you need to maintain your existing properties and no plan to get out of it,” he said. “There are some apartments in my district that cost $25 million,” the council member added.