Tarrytown low-income housing rents increased by 80%

A New York woman has faced criticism for her role in a housing deal that increased rents by up to 80% in a low-income apartment complex. Sadie McKeown, who leads the Community Preservation Corporation (CPC), helped push the sale of Asbury Terrace Apartments in Tarrytown in 2020. The building was sold to a for-profit developer for $15.5 million. This sale led to significant rent hikes, forcing many residents, including those on tight budgets, to leave their homes. Tenants described McKeown as "Shady Sadie" for her involvement in the deal, which they claim lacked transparency. McKeown received nearly $7 billion from a Biden administration initiative aimed at funding climate projects. Critics say she prioritized a carbon-neutral agenda over affordable housing. While she defended the sale as beneficial for residents, many tenants disagree, citing a lack of renovations to the complex and increased financial stress. Concerns have also been raised about potential conflicts of interest in the sale, as McKeown held multiple positions that could have influenced the deal. The New York Attorney General’s Office approved the sale, but questions linger about whether it violated rules meant to protect low-income housing. In response to the criticism, McKeown and the developer insisted that the price changes were justified and that jobs would be created. However, some residents feel the projects do not serve the community as intended. As concerns continue to grow, McKeown is still seeking government support for ongoing projects using the significant funding her nonprofit secured.