July 22, 2006
Clarification: AY affordable apartment sizes set by city program
Atlantic Yards Report finds another chunk of the claimed 50% affordable housing gone missing:
While the affordable housing would represent a little less than 33% of the units at the project, it would apparently represent only 22% of the square footage. (That's based on an even distribution of the four different sizes. Note that there would be 2250 market-rate rentals and 2360 market-rate condos.)
Is that correct? How much bigger would the market-rate apartments be, and what percentage of the total housing space allotment in the project would they occupy?
We know that the original pledge of 50/50 affordable housing has been put aside because of addition of the market-rate condos. Now project supporters emphasize that 50% of the rental units would be affordable. But would the affordable rentals occupy 50% of the space allotted for the rentals?
Posted by amy at July 22, 2006 11:26 AM