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July 22, 2006
The housing switch: more affordable units would go to the middle-class
Atlantic Yards Report ponders the variety of affordable housing scenarios touted over the past couple of years, concluding with a plan where "affordable rents proposed for Atlantic Yards would range past $3000 for a family of six, and to $2658 for a family of four.":
There's been a small but significant switch within the allotment of affordable housing promised for the Atlantic Yards project. No longer would 900 of the 2250 affordable apartments be promised to moderate-income people earning 50%-100% of the Area Median Income, or AMI.Rather, only 450 units would go to moderate-income people, and 900 would be aimed to the middle-class, earning above the AMI. Thus, some 40% of the units in the affordable allotment would have relatively high rent; a family of four would pay more than than $2000 a month.
Posted by amy at July 22, 2006 11:28 AM