Two distressed condos could become affordable housing
August 24, 2009 10:00AM
City Council Speaker Christine Quinn
The owners of two distressed condominium buildings are negotiating with the city on a deal that would put vacant apartments on the market as affordable housing, the New York Post reported. City officials would not reveal the exact locations of the buildings, which are in Harlem and Downtown Brooklyn, but they are negotiating with the banks that have foreclosed on the properties. City Council Speaker Christine Quinn has advocated a $20 million program that would put vacant apartments on the market at a discount as affordable housing, and these two buildings would be the first to take part in the program. Potential apartment buyers would have to meet income requirements and be chosen in a lottery. [Post]
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Comments
Anonymous
Government at it's worst. Why are we spending millions to house a few lucky "lottery" winners? First, do they really think that these "lottery" winners aren't connected friend's and family. Second, why is the government providing any middle income housing? Either provide it for everyone or no one. It's unfair to those who don't get the deal. They should lower everyone's taxes -that's the way to give us more money so we can afford our housing. Lowering taxes (and making it easier to get new development through the pre development phase) is the fair and right way to make housing more affordable in NYC.
Comment #1 Posted By: Anonymous 08/24/09
Anonymous
STUPID, STUPID idea.
Comment #2 Posted By: Anonymous 08/24/09
Anonymous
At least something good comes out of this distressed market. Thank God the poor will get a brake for once. You can tell a nation by how greatly it treats it's weak.
Comment #3 Posted By: Anonymous 08/24/09
Anonymous
great Christine - after decades of disinvestment, we had a blip where private investors took a chance on Harlem and Brooklyn, you want to shove the government right back as the only source of housing in these neighborhoods (which we ALL pay for). Let the market correct itself. It will actually create "affordable housing" all by itself and will not cost the City anything (btw, in this time of fiscal crisis, where did she get $20 Million dollars anyway?). Don't beleave me Christine? read yersterday's NY Times article about Moreno Valley California foreclosures - yes, some got hurt, but others (blue collar workers!) are NOW benefitting of the now newly affordable (and yet the same) homes.
Comment #4 Posted By: Anonymous 08/24/09
Anonymous
number #3 - you mean the mooches, - because food stamps, welfare, free medical, dental, childcare, etc is NOT enough. We need more and more subsidized housing (a million + units is simply not enough).
Comment #5 Posted By: Anonymous 08/24/09
Anonymous
#3 you're one of the loser always looking out for a free handout huh? This is not good. Government spending on this type of bs is hurting all the tax payers.
Comment #6 Posted By: Anonymous 08/24/09
Anonymous
Mayor Bloomberg - We supported you because you come from (and where extremely successful in) the business community. AND we are deathly afraid of the extreme left wing liberal democratic machine in this City. Why then are you allowing all this pandering to the lefties? Yes, New York is expensive - we know that, there are many ways to make it cheaper for all - cutting government and union expenses which makes everything more expensive here is where to focus. Why are the poorest of residents given so many breaks in this City already (secton 8, NYCHA projects, thousand of other subsidized units) , while the people who work, contribute , pay the taxes get nothing? To be honest, the City already has too many chronic, intergenerational poor people (and the socio-ecomomic burdens they bring). If they can't find housing here, there are no gates or walls at our borders, let them leave NYC. Plenty of housing now available in Florida, Nevada, California.
Comment #7 Posted By: Anonymous 08/24/09
Anonymous
All is a big veil. The tax payer is hurt because the corps and the super rich get all the brakes. You are all blind. Slave planet. Just some are in house and some out house.
Comment #8 Posted By: Anonymous 08/24/09
Anonymous
You can't build enough affordable housing in NYC because poor people from other states will keep moving in looking for jobs here. In the end they can't get a job and they will stay on welfare and depending on the government system. It is better for the government to spend those money to create for jobs for the people not to encourage them to stay poor.
Comment #9 Posted By: Anonymous 08/24/09
Anonymous
#7 - It's all about politics. Bloomberg ran as a republican, got in as an independent and now must govern as a democrat if he wants to stay. (that's the price he paid for getting the nod on extending term limits)
Comment #10 Posted By: Anonymous 08/24/09
Anonymous
yes #10 - but, he has one more term - he is rich. He is not beholden to anyone - why is he giving Randi Weingarten and the teachers 8 percent raises? Why doesnt he put a muzzle on Christine Quinn? Stop buying into the myth of affordable housing crises. The crises in housing is for the forgotten middle class - the college educated twenty somethings who work for free (interns) who come to this City. Not the ones who spend their whole life on the government dole.
Comment #11 Posted By: Anonymous 08/24/09
Anonymous
Perhaps if Ms. Quinn was forced out of her rent stablized Chelsea abode, she would have a different philosphy on the real estate and housing.
Comment #12 Posted By: Anonymous 08/24/09
Anonymous
I'm not happy about the government meddling too much in private markets, but government gives more support to the rich than the poor. The tax system is inundated with loopholes that are only accessible to business owners and the rich, not to mention much rent controlled apartments are inhabited by well-to-do people.
Comment #13 Posted By: Anonymous 08/24/09
Anonymous
obviously# 3 is a dead beat looking for a free ride probably never paid taxes or worked a day in his life. Please leave NYC # 3
Comment #14 Posted By: Anonymous 08/24/09
Anonymous
# 13 is just as bad as #3 DON'T LET BLOOMBERG WIN A THIRD TERM VOTE HIM OUT
Comment #15 Posted By: Anonymous 08/24/09
Anonymous
#13 Business Owners = Jobs (for people).
Comment #16 Posted By: Anonymous 08/24/09
Anonymous
Attn: Real Estate Community :: Christine Quinn wants to see you fail! Remember that and remind her next time she asks for a campaign contribution.
Comment #17 Posted By: Anonymous 08/24/09
Anonymous
well, at least Mark Green is back!
Comment #18 Posted By: Anonymous 08/24/09
Anonymous
Why would you say government gives more support to the rich than the poor? If you a very wealthy than all is good. If you are poor than a lot gets handed to you wo you having to change your situation or work. If you fall in the middle you simply get housed and rolled.
Comment #19 Posted By: Anonymous 08/24/09
Anonymous
Great! High End Crack Dens.
Comment #20 Posted By: Anonymous 08/24/09
Anonymous
Christine Quinn is dancing on Developers' graves.
Comment #21 Posted By: Anonymous 08/25/09
Anonymous
there is no such thing as affordable MIDDLE CLASS housing anymore in NYC. If you are low income you can find housing and help, if you are UPPER income you can afford a nice place to live but there is now a grey area for truly MIDDLE Income familes where they make just a little to much for help with housing and no where near enough to afford a decent place to live on their own. What is the Middle income family supposed to do?
Comment #22 Posted By: Anonymous 09/20/09