The draw this time was the $9 million in FHA funds that would be paid to Fred directly, just as Donald would later capitalize on tax breaks lavished on him by both the city and the state. Fred had previously described the type of people renting the 2,201 apartments as “unwholesome,” the implication being that upstanding people lived only in the single-family dwellings that had been his early specialty. But $9 million can be very persuasive.
