Quicklink: From The Greenpoint Gazette

August 17, 2013 by
Filed under: 11222, Greenpoint, Greenpoint Brooklyn, Greenpoint Magic 

GGsc

Interesting quote/teaser:

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.”

wnycsc

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.

Comments

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

  • NYS Flickr Pool

    Thompson and Broome Streets20240910_122247Coney Island/Stillwell Avenue StationThe Friends Forever Bench #GillieandMarc #TravelEverywhereWithLovecallbox, decoratedthe colossus of the bronxJustice by Carole A. Feuerman II
  • Ads