Big rent increase at Williamsburg affordable complex gets federal scrutiny

New York /
Jun.June 14, 2012 09:00 AM

The management firm behind a Williamsburg affordable complex is trying to get approval for a 19 percent rent increase, according to the New York Daily News. Kraus Management wants to up the monthly costs for about a quarter of the tenants of its 639-unit Bedford Gardens Complex On Ross Street to cover renovation costs.

But it first must obtain approval from the city’s Department of Housing Preservation and Development and the U.S. Department of Housing and Urban Development, because many tenants are rent subsidized. Even though it only affects a portion of the tenants, the rent increase, first proposed by Kraus in March, has drawn the ire of local officials are fighting the increase to protect affected tenants and taxpayers who must foot the higher subsidized rent bill.

“The exorbitant rent hikes being proposed at Bedford Gardens are putting an affordable development at risk of no longer being affordable,” said District Leader Lincoln Restler said.

Tenants of the building also say the building has deteriorated into near slum-like conditions, making the rent hike appear even more unfair. [NYDN]


Related Articles

arrow_forward_ios
NYCHA Chairman Gregory Russ and NYCHA federal monitor Bart Schwartz. (NYCHA Monitor)
NYCHA overhauling management system
NYCHA overhauling management system
President Joe Biden (iStock, Getty/Photo Illustration by Kevin Rebong)
Biden bans LGBT-based housing discrimination
Biden bans LGBT-based housing discrimination
Housing Expert Shaun Donovan on his Bid for NYC Mayor
Shaun Donovan can do housing. Can he do politics?
Shaun Donovan can do housing. Can he do politics?
Marcia Fudge (Getty)
Joe Biden taps Marcia Fudge, Ohio congresswoman, as HUD secretary
Joe Biden taps Marcia Fudge, Ohio congresswoman, as HUD secretary
Clockwise from top left: California Rep. Karen Bass; Atlanta Mayor Keisha Lance Bottoms;  Former Jacksonville Mayor Alvin Brown, National Low Income Housing Coalition president and CEO Diane Yentel; and Local Initiatives Support Corporation president and CEO Maurice Jones (Getty)
Five candidates emerge for Biden’s HUD secretary
Five candidates emerge for Biden’s HUD secretary
Ben Carson (Getty)
HUD Secretary Carson tests positive for Covid
HUD Secretary Carson tests positive for Covid
Housing and Urban Development secretary Ben Carson (Getty; iStock)
CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
HUD's Lynne Patton and of Frederick Douglass Houses resident Claudia Perez (Getty; RNC)
NYCHA tenants say they were duped into RNC video appearance
NYCHA tenants say they were duped into RNC video appearance
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...