WTF : The odds are not in your favor.Brooklyn Studios going for $1900 affordable" apt

trinifrombx

Registered User
WTF : The odds are not in your favor.Brooklyn Studios going for $1900 affordable" apt

Wait, SMH, I am missing somthing, how can youn folks make it here ?

My two bedroom condo on Eastern Parkway, total payment is not even $1,900, it is over i NYC !



http://www.nydailynews.com/new-york...nding-affordable-housing-ny-article-1.2312553





The city has started collecting applications for 46 apartments at 382 Lefferts Ave. in Prospect-Lefferts Gardens, Brooklyn. But with studios going for $1,900 a month, some have questioned whether the units qualify as affordable housing.
The odds are not in your favor.

There were 696 applications for every "affordable" apartment offered in city lotteries dating back to July 2013, according to data obtained via the Freedom of Information Law.

The slim odds show how sky-high the demand is for affordable units, housing advocates said.

"The affordability crisis is getting worse every day, and we're in danger of losing our city," said Maritza Silva-Farrell, a spokeswoman for Real Affordability for All. "Too many neighborhoods are being handed over to wealthy developers."

All told, there were 2.9 million applications for 4,174 affordable units available from 72 lotteries run by the city's Department of Housing Preservation and Development (HPD).
 

trinifrombx

Registered User
City officials said the response validated the Mayor's ambitious affordable housing agenda.

There are 8,500 affordable apartments under construction, the highest figure since HPD was established in 1978, city officials said.

But critics say a lot of those "affordable" apartments actually cost more than market-rate ones, and are out of reach for most people in the neighborhood.

Last Wednesday, the city began taking applications for 46 apartments at 382 Lefferts Ave. in Prospect-Lefferts Gardens, Brooklyn. The so-called affordable studios will rent for $1,900 a month, and one-bedrooms will go for more than $2,000 a month.

Mayor de Blasio is pushing to add more affordable homes in the city.
ANGUS MORDANT/FOR NEW YORK DAILY NEWS
Mayor de Blasio is pushing to add more affordable homes in the city.
The average price of a market-rate studio apartment in the area was $1,334 in May, according to a report by MNS Real Estate.

"Who the hell can afford that in Lefferts Gardens?" asked Phil DePaolo, an affordable housing activist. "It's not really affordable housing. It's subsidized market rate housing."

Applicants must meet specific financial requirements based on the citywide Area Medium Income, depending on the size of the apartment.

Housing advocates contend that formula is deeply flawed and bears little relation to what families in low-income neighborhoods can actually afford.

"When the city goes into low-income communities the Trojan horse is always affordable housing," DePaolo said. "But when the smoke clears how many of these units are actually affordable to members of the community? Usually it's not a lot."

City officials pointed out the project started in 2007 and did not include and city subsidies.

"After stalling many times, the project, which was initially slated for market rate

condominiums, now provides middle-income apartments that are more reflective of the borough's needs," said HPD spokeswoman Elizabeth Rohlfing. "At the city's request, the developer agreed to honor the original regulatory agreement, locking in the rents for the next thirty years."

With Erin Durkin
 

socapineman

JA Soca Ambassador
Maaaaan, it's been a wrap in NYC re the working class or the young making it here.....know that apartment, well, I checked it online, the income requirement is roughly 60k to 80k, so more or less you are paying 43% to 53% in rent and utilities, cable! phone bill, etc...they priced out any one making under 60k, I sincerely don't know how ppl afford these rents !

What quality of life can you have , how can you save money, go on vacation, etc...

It seems that they are forcing you to get a roommate , get married, etc.
 

Oneshot

where de crix
Maaaaan, it's been a wrap in NYC re the working class or the young making it here.....know that apartment, well, I checked it online, the income requirement is roughly 60k to 80k, so more or less you are paying 43% to 53% in rent and utilities, cable! phone bill, etc...they priced out any one making under 60k, I sincerely don't know how ppl afford these rents !

What quality of life can you have , how can you save money, go on vacation, etc...

It seems that they are forcing you to get a roommate , get married, etc.
basically.

it is a natural thing, people will migrate to other cities and other areas of the US. so those areas can grow.

I mean right now the south , and mid west looking really good to me.
 

Farinborn

readin btwn da lines
Trenton real nice right now. Cheap rent cheaper gas lower car insurance. I could never move back to bklyn
 
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