A new building that will generate funds to support Brooklyn Bridge Park could have been all luxury rentals, but instead will set aside a majority of its apartments for specific income groups. But some of those units will serve relatively affluent New Yorkers. So is this a minor victory, or another loss, for affordability in NYC?
The changes will increase access to affordable housing for many New Yorkers across the city, and “reduce the chances of a tenant being denied a unit due to poor credit history.”
The city is looking for a developer to build affordable housing and community facilities on two East Harlem sites.
‘To compete in this environment, the city must offer an attractive affordable housing alternative, define the neighborhoods where it is available, and implement individual deals on a timely fashion.’
Our new newsletter, Mapping the Future, will focus on housing issues of importance to people who live in New York City
It was a busy week for news related to New York City housing. Here’s a roundup of what you might have missed.
The Association for Neighborhood Housing and Development released its annual data graphic report Thursday, cataloging the risks to affordable housing in each of the city’s 59 community districts.
‘The de Blasio administration has had the tools at its disposal to produce more deeply affordable housing for New York City’s poorer residents, who are disproportionately black and Latino.’
The detailed study by the city’s Independent Budget Office set out to address questions that have dogged the de Blasio plan, as they dogged the Bloomberg administration’s housing plan before it.
‘Mayor de Blasio’s plan to combat homelessness was a good start, but its commitment to permanent housing solutions falls short for the magnitude of the emergency we face,’ Borough President Eric Adams writes.