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April 26, 2008

De Blasio claims AY would have 3000 low-income units

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Atlantic Yards Report

In an interview in the Spring issue of the Park Slope Reader, City Council Member Bill de Blasio, who's running for Borough President, shows he hasn't improved his due diligence regarding Atlantic Yards.

Notably--unless he was misquoted--he claimed that the project would include 3000 low-income housing units, a significant overstatement.

Actually, the plan is to include 900 low-income rental units--at 30-50% of AMI (Area Median Income)--among 2250 affordable rentals, and 600 to 1000 for-sale affordable units, of which a "majority... will be sold to families in the upper affordable income tiers," according to the Housing Memorandum of Understanding Forest City Ratner signed with ACORN. That means households with six-figure incomes, perhaps needing a boost in New York, but hardly low-income.

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Posted by amy at April 26, 2008 11:03 AM