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Residential
New York

New affordable housing project announced for East New York

City-led project kicks off neighborhood plan

(MMZach/Wikimedia Commons, back; TRD photo, front)
(MMZach/Wikimedia Commons, back; TRD photo, front)

One of the first new buildings slated to be constructed following East New York’s rezoning has been announced — a 274-unit affordable housing project to be designed by Dattner Architects.

Eighty of the units will be earmarked as affordable housing, in this case for families earning up to $25,770 a year, according to Curbed.

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“Today marks a significant milestone in fulfilling the commitments we made in the East New York neighborhood plan,” said Maria Torres-Springer, commissioner of the city’s Department of Housing Preservation and Development, in a statement.

The low buzz about whether East New York could follow the way of Brooklyn with an influx of development and new buyers seems unlikely to most, according to TRD’s reporting earlier this year, however residential properties seem to be selling at higher rates in the early part of this year while the Brooklyn MLS showed the average sales price of an East New York residential property was $514,000.

[Curbed] — E.K. Hudson

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Affordable HousingEast New YorkHousing Market