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Officials are officially touting the project as a middle-class haven, within reach for the families of teachers and firefighters.
"There will be units that are affordable to families living below 50 percent of median income, which for New York City, for a family of four, is about $50,000 a year," said Housing Commissioner Rafael Cestero.
"All of the rents will be below the current market rent that you see for buildings that exist in the neighborhood currently," said Phipps Houses President & CEO Adam Weinstein.
According to the video, 75 percent of the units in Phase I will be affordable. Hip hip hurray (PS: The video is optional. It won't launch automatically)
Don't you see where it says ground has been broken? According to the video, it's on the land set aside for the 2012 Olympics. I think it'll be good karma if people here on CD wish it well.
This is an impressive development, not only are they reclaiming the waterfront but also providing major middle class housing for city residents + green space. It will do very well.
Are those affordable rentals or affordable condos? Is the concept of affordable condo feasible in NYC? It is a very successful program in Singapore and Hong Kong.
This is an impressive development, not only are they reclaiming the waterfront but also providing major middle class housing for city residents + green space. It will do very well.
50k combined for the family of 4 is not exactly middle class to be honest. Both parents have to be getting close to min wage. With that said, these developments are certainly better compared to the city wasting money to provide for the "never-had-a-job-and-never-want-a-job" segment of the population.
Don't you see where it says ground has been broken? According to the video, it's on the land set aside for the 2012 Olympics. I think it'll be good karma if people here on CD wish it well.
Yes I see the link you sent. I see that they are breaking ground. What I mean is I will believe it when I see that it is full of working/middle class folks instead of another yuppie wonderland sprinkled with a few low income residents here and there...
Last edited by availableusername; 02-10-2011 at 10:55 AM..
Excerpt:
"Three-quarters of the 908 apartments included in the first phase will be targeted at families that make between $32,000 and $130,000 per year for a family of four."
This is a broad swath of lower, working, and middle class residents. Furthemore, in your scenario of $50K for 2 adults, with each adult earning $25K, that is not minimum wage of $7.25 (or whatever minimum wage is now), it is $12 per hour..more than 50% above minimum wage. Nevertheless this development is serving the lower, working, and middle class...and I am happy to see it.
From nypost.com article, one reader commented, "give it three years after completion before it looks like a ghetto."
How can we prevent that from happening? Is home ownership the answer? All 3000 affordable units will be rental apartments. There are many million-dollar luxury condos in the city that are out of reach by the middle class. For such a grand scale project, should Bloomberg put some basic condos to the mix?
We already know how we prevent this..the same way we have been preventing all of the new affordable housing units for years from becoming "ghetto." The primary reason housing became "ghetto" is because the government used affordable housing (aka housing projects for example) as the dumping ground for their problems..like homeless, drug addicts,criminals, etc...which fueled the exodus of the working class and sunk the projects. The affordable housing they build now, and have been building, are geared strictly for working people, with heavy screening and strict requirements. Owning helps but it is not the answer....it's simply a matter of enforcing strict guidelines, and the city has been doing that for years.
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