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February 14, 2008
Quinn calls for task force to address housing crisis
Atlantic Yards Report
Norman Oder analyzes the affordable-housing segment of City Council Speaker Christine Quinn's State of the City address through the Atlantic Yards filter.
Here are some excerpts from Quinn's speech:
Now, the single biggest complaint I hear from New Yorkers is the syrocketing cost of housing and the devastating impact it’s having on our middle class. The reality is, if you are a teacher and firefighter, raising your kids in Clinton Hill and together make $110,000 a year, it’s hard to find a decent place to live.
Note that, under the guideline that people spend 30% of their income for affordable housing, the annual rent for such a household would be $33,000 and the monthly rent $2750. Also note that $110,000 is within the top range of households eligible for Atlantic Yards affordable housing.
Quinn is right that affordable housing is a challenge to many people. (Still, there are apartments in Clinton Hill well under $2750.) But Atlantic Yards was endorsed by the low-income group ACORN because its members thought it would help them.
Posted by lumi at February 14, 2008 5:20 AM