Culture on the Cheap
Quicklink: From The Greenpoint Gazette
Land Use committee chair Del Teague questioned the allocation of affordable housing units. At the highest bracket, 25% of the units would be available only to those Greenpoint residents whose income equals 120% of the average median income for the area. For a two-bedroom unit this translates to $66,000 – $103,000. She questions whether a greater percentage of the units can be allocated to residents at lower income levels.
Teague said later that Greenpoint has suffered a “horrific displacement of people who cannot afford to stay.” She says the income median, “is skewed because of gentrification,” and worries that the standards for awarding the affordable units may not be “meaningful.”
As I pointed out in this post, the median household income at Green Street and Manhattan Avenue per the 2010 Census is $56,690. Thus at 120 AMI a great many people hereabouts would not qualify for these units because they simply do not have a high enough income. Doesn’t sound very “affordable” to me. You can read the Gazette’s tome in its entirety by clicking here.