A Hit Piece of Legislation: Will a Transparency Bill Reform Affordable Housing or Just Open It Up to a Union Takeover?
On March 23, Wendell Walters plead guilty to two counts of racketeering and bribery. As the assistant commissioner for development at the city’s Department of Housing Preservation and Development, he oversaw billions of dollars in city contracts to build and repair the city’s vast stock of private affordable housing. The projects only grew over the past decade as Mayor Bloomberg launched a program to create or rehabilitate some 165,000 units of affordable housing.
During that time, the kickbacks to Walters also grew, totaling some $2.5 million over the course of a decade involving at least 10 different affordable housing developers in the city. Some payments were made in coffee cups, others in thick envelopes stuffed into Walters’ golf bag as he and the builders took in a round of golf. Among the gifts received was a brownstone on 139th Street in Harlem, free renovations to the townhouse and a honeymoon in Greece.
When he was arrested last October, Walters was paraded in front of the Brooklyn Federal Court House. Like so many perps, he was caught by surprise and still wearing his morning clothes, a black fleece pullover and black sweatpants. Tall and handsome with a shaven head, the 49-year-old Walters looked shocked, embarrassed, dismayed.
So was Matthew Wambua. Read More