Flatbush Avenue was once a hotbed of development in the new downtown Brooklyn. Glittering towers filled with pricey condos began to dot the landscape, rezoned by city planners ushering in a would-be renaissance.
Developers cheered that vision, rallied by the surging housing market. They even advanced into the heart of Kensington, four miles down the road, where yet another 107-unit luxury project began to take shape.
The city’s housing advocates are a tightly-knit group—”a little cabal,” as one put it. So when Rafael Cestero became the city’s new housing chief this month, they began scouring his past statements, searching for clues as to how he would lead the housing department through the spiraling fiscal crisis.
Like etymologists sifting through ancient hieroglyphics, advocates and developers have been piecing together scraps of...… [More]
Mayor Michael Bloomberg is poised to name Rafael Cestero, a former city housing official and non-profit developer, as the next city housing commissioner, according to people with knowledge of the selection process. The announcement is expected as [More]
For four years, Housing Commissioner Shaun Donovan shepherded a sprawling affordable-housing plan credited with resurrecting some of the city’s most depressed neighborhoods from the ashes of the 1970s and ’80s.
He was hailed as no less than a visionary for prophesying, at the outset of his term, the looming foreclosure crisis and rejecting the conventional wisdom that homeownership was the panacea for low-income neighborhoods. And even though Mayor Michael...… [More]