The Real Deal New York

New affordable Brooklyn building lacks one thing — tenants

Owner says residents make too much money; community cites tough credit standards
August 04, 2014 11:00AM

The developer of a residential highrise in Brooklyn is running into a problem few expected: It cannot find enough tenants for affordable units.

The Dermot Company say units at its 66 Rockwell Place with rent as low as $546 per month are sitting vacant because people within the community make too much money to qualify for them, reported DNAinfo. Earlier this year, Dermot Company launched another application process at 66 Rockwell, but the developer is still having trouble filling apartments.

“It is very common that developers don’t fulfill their 50 percent community board preference quota,” Orlando Ponce, a spokesperson for 66 Rockwell Place, told the website. “The income level for people that live in these areas is just too high.”

Some community leaders and elected officials disagree and told DNAinfo would-be tenants are turned away because they make simple mistakes on their applications or cannot meet tough credit requirements. [DNAinfo]Tom DiChristopher