COMPTROLLER LIU REJECTS $91 MILLION HOMELESS SHELTER CONTRACT

NEW YORK, N.Y. – February 7, 2013 – (RealEstateRama) — New York City Comptroller John C. Liu today rejected a 21-year, $91 million contract for a homeless shelter in the Bronx amid questions concerning the legitimacy of the required approval process represented to the U.S. Department of Housing and Urban Development (“HUD”) in seeking approval for the project. Comptroller Liu’s office was unable to verify whether the City properly followed federal regulations in the disposition of the former Muller Army Reserve Center (“the Center”), located at 555 Nereid Avenue, in the Wakefield section of the Bronx. The City wants to use the site as 200-bed shelter for homeless men.