City taps critic of housing plan to build affordable housing in East New York

Project along Atlantic Avenue will contain 274 units

New York /
Oct.October 27, 2017 02:17 PM

The city is turning to its critics to help meet its ambitious affordable housing goal.

Mayor Bill de Blasio’s administration has chosen a development team of MHANY Management, the Cypress Hills Local Development Corp. and the Urban Builders Collaborative to develop a project with 274 units of affordable housing on the largest public site in East New York, according to Crain’s.

MHANY’s executive director Ismene Speliotis is not a big fan of the city’s affordable housing plan, arguing that officials should make more apartments permanently affordable and include more affordable units in mixed-income projects.

This project, which the developers have said will be permanently affordable, will rise between Dismore Place and Chestnut Street along Atlantic Avenue and include a theater and community center.

East New York went through a sweeping neighborhood rezoning last year , and several developers have pitched affordable projects. These include B&B Urban’s 100-unit project at 315 Linwood Street and Monadnock Development’s plan for a 21-building complex at 389-516 Schroeders Avenue, 1111-1123 Ashford Street and 127-129 Gateway Drive.

The Real Deal recently explored what’s changed since the rezoning, and found that developers still haven’t planned any market-rate projects in East New York.  [Crain’s]Eddie Small


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