Blas ‘fudged’ Stuy Town deal

Mayor de Blasio over-hyped the number of affordable apartments City Hall allegedly protected at Stuyvesant Town when it was sold to developers who got $220 million in taxpayer subsidies, according to a watchdog’s report.

The mayor has proudly said the sale of Stuy Town-Peter Cooper Village in 2015 included guarantees of 5,000 units to be deemed affordable for 20 years.

But those 100,000 “apartment years” that City Hall claims it secured for below-market rates is deceiving, according to the New York City Independent Budget Office.

The IBO said he inflated the numbers by including apartments already protected by rent stabilization, while only 3 percent are reserved for low-income households.

“IBO estimates that 64,000 of the apartment years of affordability the de Blasio Administration attributes to the agreement would have remained rent stabilized even without the deal,” according to the report.

“In other words, the deal can be cred- ited with 36,000 apartment t years of additional affordability — not 100,000.”

City Hall is also guilty of conflating “rent-stabilized housing with income-tested affordable housing,” the IBO said. d.

“Only about 3 percent of the he 100,000 apartment years of affordability covered by the agreement ent will be reserved for low-income households,” the report found.