The Biden slush fund

 NY Post:

‘Shady’ $7B Biden climate slush fund recipient facilitated NY low-income housing sale that hiked rents, forced out residents: tenants

A New York woman who was due to get nearly $7 billion from a Biden administration climate slush fund once forced through the sale of a low-income housing complex in Westchester County, resulting in rents spiking up to 80% and making the cost unaffordable for many, tenants say.

Sadie McKeown — a Democratic donor appointed by then-Gov. Andrew Cuomo to the boards of the state Housing Financing Agency and Energy Research and Development Authority in 2021 — was ticketed to receive $6.79 billion from the Environmental Protection Agency (EPA) for her nonprofit during former President Joe Biden’s final months in office.

As president of the nonprofit, the Community Preservation Corporation (CPC), McKeown then propped up a coalition of groups called Climate United to steer their cut of the EPA’s $20 billion Greenhouse Gas Reduction Fund into building climate-friendly housing and other carbon-reducing initiatives.

President Trump blocked the payouts after assuming office, when his EPA chief Lee Zeldin discovered the scheme described by one Biden administration official as “throwing gold bars off the edge” of the Titanic — and froze the funding at Citibank in Manhattan.

However, before the hold took effect, $3 million made it into McKeown’s coffers for an affordable housing project that some residents in her native Tarrytown have griped doesn’t help their community.
...

The so-called low-income housing does not look like it is working if it is hiking rents and forcing residents out.  New York is somewhat notorious for its high cost of housing and this adds to that reputation.  Biden was a guy who liked to throw money at a problem and hope it was solved. 

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