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The West Harlem Development Corporation signed a settlement deal with the attorney general's office.
Critics say Columbia hasn't hired enough African-American architects for its Manhattanville expansion.
The troubled West Harlem Local Development Corporation said it will fund 500 jobs.
The group was formed in 2009 but has come under scrutiny for its practices.
Two half-day sessions each day are currently planned at Teachers College, but residents want more.
Community Board 9 has formed a special committee to look at specific spending projects.
The West Harlem Local Development Corporation is still facing calls to dissolve.
West Harlem Local Development Corporation denies the claim about one of its board members.
The board says it has "no confidence" in the West Harlem Local Development Corporation which is being investigated by the State Attorney General.
The West Harlem Local Development Corporation, the focus of an investigation by Attorney General Eric Schneiderman, has spent more on consultants than programming.
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