HPD’s Cornerstone Housing Program audited

Comptroller found that HPD was successful in ensuring that the primary housing goals of the Cornerstone Program were met. In 2000, HPD established the Cornerstone Program, a new construction initiative designed to expand private housing and increase the City’s affordable unit housing stock. The primary goals of the Cornerstone Program are two-fold: sell City-owned land, usually for a small fee, to encourage private residential development, and create affordable rental and homeownership units in specific neighborhoods. … <Read More>


Audit faults Buildings on enforcement procedures

Audit found inadequate follow-up on violations; DOB to implement most, if not all,of Comptroller’s recommendations. City Comptroller William C. Thompson issued an audit report on Buildings’ handling of Building Code and other violations. The audit determined that Buildings’ follow-up efforts on violations were insufficient, not only because of program deficiencies, but also because Buildings lacked the authority to re-inspect flagged sites without a warrant and to compel property owners to remedy violations. As a result, … <Read More>


Audit cites EDC for major violations of E. River lease

Comptroller asserts that insufficient oversight could cost City $6.1 million. A June 2008 audit by City Comptroller William C. Thompson concluded that New York Skyports, Inc. violated its lease agreement for a two-acre City-owned East River site, creating a potential cost of $6.1 million to the City.

Originally executed with the Gulf Oil Corp in 1959, the lease allowed the construction of a parking garage over the East River and the additional use of the … <Read More>


City Comptroller faults EDC’s management of Army Terminal lease

EDC failed to charge $511,500 in allowable rent and used City water and sewer services without paying. On June 6, 2008, City Comptroller William C. Thompson issued an audit report on the New York City Economic Development Corporation’s lease of the Brooklyn Army Terminal, concluding that it failed to charge Turner Construction Company $211,500 in allowable rent and lost $300,000 by charging some sub-tenants less than market rate rent. Also, EDC has not paid the … <Read More>


City Comptroller faults BSA’s fee procedures

Problems found with the safeguarding, accounting and transfer of fees to the City. On June 12, 2007, City Comptroller William C. Thompson issued an audit report on BSA’s collection and reporting of revenues, concluding that BSA correctly determined and accounted for fees, but problems existed with the safeguarding of fees, the integrity of receipt systems, and the forwarding of funds to DCAS.

Application fees are the primary source for BSA revenues. In 2006, BSA … <Read More>