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July 6, 2006
Forest City Ratner promoting affordable housing
Two months ago, Forest City Ratner sent out a brochure with a reply card to request information on affordable housing.
Yesterday, they took out this ad (click to enlarge) in the Daily News and distributed it via their Atlantic Yards email list.
The claims that the units will be "RENT STABILIZED" is news to us. Would that be under NY City's rent stabilization program, or Bruce Ratner's own plan?
UPDATE: The units in Bruce Ratner's affordable housing plan will be in the NYC's Housing Development Corporation's "rent stabilization" plan. But as Will from OnNYTurf pointed out a year ago in an article on Atlantic Yards affordable housing promises, the devil is in the details.
Posted by lumi at July 6, 2006 8:42 AM