The Real Deal New York

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

Project along Atlantic Avenue will contain 274 units
October 27, 2017 02:17PM

Rendering of the affordable-housing complex along Atlantic Avenue between Dismore Place and Chestnut Street (Credit: Dattner Architects)

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