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August 24, 2006
Subsidized? Yes. "Affordable?" Hardly.
DDDB.net
Develop Don't Destroy Brooklyn, with a little help from Forest City Ratner, sets the record straight about affordable housing at Atlantic Yards.
According to Forest City Ratner: * If you or your family earn between $21,270 to $28,360/year 225 units would be set aside for you. * If you or your family earn between $28,361 to $35,450/year 675 units would be set aside for you.* * That's 900 units (or 13%) out of a total 6,860 proposed units. * If you or your family earn less than $21,270 there is no home for you in the proposed project. * 84% of the units will NOT be affordable to families making less than $56,000/year.
* The Brooklyn Area Median Income (AMI) is $35,000/year.
There is more, but too much to list here. If you want to learn more about Atlantic Yards "affordable" housing, click here.
Posted by lumi at August 24, 2006 8:44 PM