ELM STREET, ROCKLAND COUNTY – NOT AFFORDABLE HOUSING, BELOW FAIR-MARKET INVESTMENT STEALS!
In 2011, the Ramapo Local Development Corp (think Christopher St. Lawrence and Aaron Troodler, et.al. SEC complaint) began selling units in a housing project referred to in social circles as the “Rockland Affordable Housing” project. The development was allegedly intended to be purchased by people who wanted homes but could not afford them and by design the target buyer was ultra-Orthodox. What in public was billed as affordable housing in private was nothing more than below market investment properties which would eventually yield buyers profits in the millions when they decided to sell.
The homes were purchased in large part by numerous LLC’s, many of which were and continue to be untraceable non-profits and tax-exempt entities. The homes were not purchased by the downtrodden.
One of the names among the owners is the family of Yossi Gestetner who lives in one of the Elm Street properties. He is one of the founders of OJPAC, a Political Action Committee heavily involved in endorsing the same corruption that makes up the fabric of Rockland County’s ultra-Orthodox Jewry, particularly as it connects to the Borough Park community. His ties to Dov Hiking and Boro Park’s elite Shomrim are no secret.
It also comes as no surprise that David and Naomi Bodner were among the first “buyers” of the property when the LDC started selling it. You know. The same Bodners who are involved with Marty Huberfeld and Platinum Parnters. The same Bodners who have more money than they could spend in a century of generations of lifetimes, much of it we surmise was amassed in less than savory transactions.
For your review we have included the SEC Complaint against Christopher St. Lawrence and his accomplices naming the Elm Street properties voraciously. We have also included articles picked up by Failed Messiah and a number of others.
This Elm Street properties are one family of the CSL LDC properties among many that heavily tie Rockland County’s Hasidic and ultra-Orthodox community (and its leaders) to Boro Park, and to some of New York’s dirtier politics. They also tie Rockland County to family Bodner and many of its family foundations. We expect there are more treasures to be found beyond what has been named over the years.
FURTHER READING:
Feds Uncover Alleged Ramapo Haredi Housing Scam – FailedMessiah.com
Ramapo affordable-housing project faces scrutiny on claim that investors bought most units
Steve Lieberman • JournalNewsRAMAPO — A Rockland County housing agency representing the federal government is reviewing Ramapo’s affordable-housing project on Elm Street, based on a complaint that investors bought up most of 24 units already sold, for potential rental properties.
Bruce Levine, a former legislator and Spring Valley village attorney, also sent his complaint to the state Comptroller’s Office and Attorney General’s Office. Levine asked for an investigation into what he called “abuses and illegalities” by Ramapo and its quasi-economic development agency, the Ramapo Local Development Corp.
The corporate ownership and condominium rentals could jeopardize $1.44 million from the state and $200,000 from the federal government aimed at lowering the cost of the units, which were priced at $349,000 for the first 48 units.
The complaint states that County Clerk’s Office records show 17 of approximately 24 condominiums already sold have been purchased by limited liability companies, a business entity that’s not a corporation.
Only seven units sold so far by the Ramapo Local Development Corp. are owned by people, the complaint says. Five of those individuals gave Brooklyn addresses, one signed was by an LLC owner in Ramapo, and one gave a Monsey address.
http://preserveramapo.com/Elm%20Street/call_to_investigate_elm_street_c.htm
https://www.sec.gov/litigation/complaints/2016/comp-pr2016-68.pdf
Ramapo’s Elm Street housing ‘below market,’ not ‘affordable’ http://lohud.us/1uhLX6f via @lohud
Trouble at Ramapo’s Elm Street housing? http://lohud.us/1uhLX6f @michaelcastell @yitzyul @CouncilmanDF @HUDNY_NJ @YossiGestetner
Trouble? Ramapo Elm St. housing ‘below market,’ not ‘affordable’ http://lohud.us/1uhLX6f via @lohud
TruthSquad on Ramapo Elm St. housing: ‘below market,’ not ‘affordable’ http://lohud.us/1uhLX6f via @lohud
Ramapo Elm St. housing: ‘below market,’ not ‘affordable’ http://lohud.us/1uhLX6f via @lohud
LOSTMESSIAH 
if this is all you can find these people are as pure as driven snow
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I don’t think he will be able to sing enough to avoid jail time. He looks like he aged 10 years overnight.
I think the NAACP also complained about the “housing project”. When a non-orthodox asked to see a unit they were shown a select few. I was recently told about an over 55 community in Ramapo, the site of the old Mattehorn Nursery, that it seems is being sold exclusively to one community.
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CSL was the reason why Matterhorn closed. He reneged on a deal after Matt had leveraged a purchase against a future contract. That property would still belong to Matterhorn and the family that owned it had CSL not been what we believe to have been more than adequately compensated for reneging on that deal.
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CSL is going to really need to sing to stay out of jail.
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If only…
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