State comptroller raises questions about spending at Mitchell Llama development

The city’s Department of Housing Preservation and Development needs to keep a tighter leash on spending by Mitchell Llama developments, according to a new report by the state Comptroller’s Office. The report found that Linden Plaza, a 1,525-unit Mitchell-Lama development in Brooklyn, spent $10.7 million on 173 vendors from January 1, 2016, to August 31, 2017 — all of which wasn’t monitored by HPD. That’s in part because the city only requires contracts above $100,000 […]

source https://therealdeal.com/2018/09/07/state-comptroller-raises-questions-about-spending-at-mitchell-llama-development/