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August 28, 2012
Hoops outranking Jobs, Housing at Atlantic Yards so far in Brooklyn
Meadowlands Matters [NorthJersey.com]
by John Brennan
So on the one hand, one shouldn’t be too surprised that current affordable housing projections have been greatly scaled back. Oder’s research indicates that as of Nov. 2011, only 20 of the 175 subsidized units in a 363-unit first tower (whose construction could be underway by the end of the year) were planned to have more than one bedroom – a far cry from half. After negotiations with city and state officials, a total of 36 subsdized units were worked out to be two bedrooms in the first tower.
But just nine of the 363 total units would be two-bedroom, low-income (rents of $835 per month), Oder found, 10 more two bedroom-units would be for moderate income and middle income households – and 17 of the 36 of the total affordable two-bedroom units will feature rents of more than $2,700 (and perhaps nearly $3,000) per month. The latter are designed for families of three making a total of roughly $100,000 to $120,000 – not a princely sum in New York City, but not quite as “affordable” as some would describe the word.
To be fair, it is true that about half (now 181) of the 363 units do fall into the subsidized category, so the 50 percent figure is basically met – when one includes the 90 one-bedroom units and 65 studio apartments.
But that mix didn’t exactly seem to be what those passionate supporters – many of them parents – had in mind dating back to those 2005-09 meetings.
Posted by eric at August 28, 2012 8:56 AM