NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

Comptroller audit finds that HPD’s controls to ensure that housing incentives were rewarded to qualified applicants were largely effective. On June 27, 2017, the Office of the city Comptroller Scott Stringer released a report of an audit of the Department of Housing Preservation and Development. The audit sought to evaluate whether HPD had adequate controls to ensure that its housing incentive projects were properly awarded to property owners and developers that qualified for the program, had the ability to create or preserve the required affordable units and had a satisfactory record of performance to assure the business’ integrity.   (more…)