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From the category archives:

Property Politics

An Open Letter to Colvin W. Grannum on Al Vann

by Michael CorleyJanuary 8, 2010

Councilman Vann has served in office long enough to witness his constituents become the target of Ponzi schemes by unsophisticated operatives who have mastered the loopholes in New York City’s deed recording process. And having lived in Bedford Stuyvesant for many years, he’s seen Mortgage Discrimination occur in central Brooklyn in different forms: Redlining in the 70’s and Predatory Lending in the 90’s. Since his re-election, what should we expect from the incumbent?

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Property and Politics: NYC’s Unlicensed Real Estate Agents

by Michael CorleyJanuary 7, 2010

September 15th 2008 became a day of reckoning for the U.S. economy. Less than 60 days from an historic election and Wall Street finds the crisis that’s been at the front door of Lucylla Baynes and others like her now busting through the doors of some of the worlds wealthiest individuals, corporations, governments, pension funds and sovereign nations. And the company who sold the junk investments backed by mortgages made up of predatory loans is now the proud owner of property in a neighborhood hard hit by Foreclosure. Are your elected officials familiar with Goldman Sachs role?

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Goldman Sachs Finds Opportunity in Bedford Stuyvesant

by Michael CorleyJanuary 6, 2010

Over the last 10 years we’ve seen New York City politicians align their political futures with well financed real estate developers. However, none will come close to the reach and wealth that a recent entrant into the real estate landscape possess. Goldman Sachs comes to Bedford Stuyvesant with money and influence (and a real estate investment strategy that politicians favor). Here’s why.

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Another Developer Bailed Out with Style in Bed Stuy

by Michael CorleyDecember 16, 2009

As reported in the New York Daily News [Bed Stuy Residents Furious over Condo Project once slated as Dorm], it appears another luxury condo has gone the way of becoming five star accommodations for the homeless. How is it that Real Estate Developers continue to be bailed out by New York City while countless families face the threat of becoming homeless due to foreclosure?

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Difficult to Separate the Two in Brooklyn

by Michael CorleyDecember 15, 2009

How do you avoid the subject of politics in any discussion regarding real estate in New York City. Take a look around you. In the last 5 years we’ve seen an enormous amount of luxury condominium development concentrated in Manhattan and Brooklyn. Should we bail out real estate developers who made bad business decisions?

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Bloomberg’s Plan to Avert Blight from Foreclosures

by Michael CorleyNovember 30, 2009

According to an article in the New York Times, Mayor Bloomberg and outgoing Housing and Urban Development Secretary Preston announced at a press conference held at City Hall on January 14th 2009, an initiative to save neighborhoods from the threat of urban blight from foreclosure.

New York City will buy 115 homes with a $24 million budget in neighborhoods hard hit with foreclosures in Queens, Brooklyn, Staten Island and The Bronx. The funding is coming from a grant from the federal government as part of the Housing and Economic Recovery Act of 2008.

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To the People Seeking Change in Bed Stuy & Crown Heights

by Michael CorleyNovember 12, 2009

We’ve been asked by the Mark Winston Griffith Campaign to publish an open letter to the electorate of the 36th NYC Councilmanic District, representing Bedford Stuyvesant and parts of Crown Heights.

Our decision to publish the candidate’s remarks are based on our initial posture during the primary contest. We want our readers to consider a candidate’s platform on the issues important to them.

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Can You Still Campaign on Affordable Housing in Brooklyn?

by Michael CorleyNovember 12, 2009

Deutsche Bank holds a unique distinction in the Mortgage Loan Servicing business that few can claim; They foreclose on homeowners with speed and precision.

While there are lenders that have the same business practices, none are as effective in protecting their client’s claim to a homeowner’s property when it’s time to exercise the rights defined in the mortgage note.

And this begs the question; can you still campaign on Affordable Housing in the midst of the biggest housing crisis in NYC history

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In His Own Words; Mark Winston Griffith’s Response

by Michael CorleyNovember 12, 2009

I had the pleasure of meeting Mark and his team at his campaign headquarters just weeks before the debates took place between the candidates for the 36th CCD Democratic Primary. He agreed to participate in our Candidates Questionnaire series and his remarks were amongst our most popular articles atMyBrooklynReport.com.

After publishing our analysis of the general elections in Voting in Bed Stuy (Can You Win Here?), we received Mark’s comments. We thought it fitting to publish his commentary rather than leaving it as part of the post.

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Voting in Bed Stuy (Can You Win Here?)

by Michael CorleyNovember 8, 2009

In 1989, Bedford Stuyvesant arrived on the world stage.

Spike Lee filmed Do The Right Thing on Stuyvesant Avenue between Quincy St and Lexington Ave, right in the heart of Bed Stuy. The filmed portrayed a neighborhood and it’s residents struggle with social issues that threatened to alter the world they knew that was their BLOCK.

Inside this film are the reasons why Al Vann will continue as the Council Member representing the neighborhood and why Mark Winston Griffith lost the election.

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