Tuesday, September 22, 2009

Soros-like web of Acorn wealth in NY city

9/21/09: "Acorn has quietly become one of the Big Apple's biggest owners of low- and moderate-income housing, amassing a real estate empire

New York ACORN and a tangled web of affiliates own or manage nearly 1,500 housing units across three boroughs and draw in an estimated $5.7 million in rents, fees and profits from sales.

Many have generic names, like the 385 Palmetto Street Housing Development Fund or the Mutual Housing Association of New York, leaving

"Nut-House Empire," by Brendan Scott, NY Post, via Free Republic

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