421-a
With 421-a Maneuver, Pacific Park Developer Could Save Buyers $50 Million More in Taxes
Norman Oder |
To sell 550 Vanderbilt luxury condos, they’d piggyback onto affordable building well down the block.
Affordable Housing
The Real Math of An Affordable Housing Lottery: Huge Disconnect Between Need and Allotment
Norman Oder |
A close look at those who applied for spots in one Pacific Park building reveals a vast gap between which income groups expressed need and what income levels the apartments were pegged to.
CITY VIEWS: OPINIONS and ANALYSIS
CityViews: Emerging Kushner Deal Suggests What’s Wrong With U.S. Investor Visa Program
Norman Oder |
The EB-5 program, which one New York real estate banker likened to “legalized crack cocaine,” demands reform. But it looks the Trump administration might expand rather than curtail it.
Atlantic Yards
Fuzzy Plans for New Towers at Key Pacific Park Site
Norman Oder |
Developers of the area formerly known as Atlantic Yards have offered few specifics about their plans for Site 5, which could involve a soaring tower and residential space that might alter the timing of the promised delivery of affordable housing units.
Brooklyn
CityViews: Distorting Downtown Brooklyn’s Past Can Only Obscure Its Future
Norman Oder |
Could a ‘model’ Central Business District have been created by building luxury housing? Only if we listen to the Downtown Brooklyn Partnership.
Homelessness
CityViews:
How Law Enforcement Solutions Backfire on the Homeless
Norman Oder |
Sleeping on the train, putting feet up, and even public urination can’t be solved (only) by law enforcement.
Affordable Housing
Documents Reveal Woes at Pioneering Atlantic Yards Building
Norman Oder |
The first residential tower at the controversial Brooklyn development was supposed to pave the way for faster, cheaper housing construction using modular design. Internal state documents suggest the unique approach ran into serious trouble.
Affordable Housing
Are Co-Op Owners Entitled to ‘Windfall’ Profits?
Norman Oder |
Mitchell-Lama co-op owners bought their units when the buildings were subsidized for affordability. Now some debate whether it’s right sell those apartments for lucrative market prices.
Affordable Housing
In Rising Market, Vital Mitchell-Lama Program at Crossroads
Norman Oder |
Deep repair needs and an alluring private market are pushing the mostly middle-class complexes toward the open market, eroding a bulwark of affordability.
Brooklyn
Where the Brooklyn Boom Is Headed
Norman Oder |
New York City’s political conversation is all about building affordable housing to offset the impact of the development boom. But at a real estate summit last week, the focus was on finding neighborhoods ready for rising rents.
