Sunset Park faces severe affordable housing shortage: report

Only 1,000 new housing units added since 2014, 80 of which were affordable

TRD New York /
Sep.September 22, 2020 11:15 AM
Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Brooklyn’s Sunset Park, which is currently in the spotlight thanks to the controversial Industry City rezoning, is in desperate need of affordable apartments to alleviate a severe housing shortage, according to a report.

The report by the nonprofit Fifth Avenue Committee found that only 1,000 new housing units were constructed in Sunset Park since 2014. Of those, only 80 were designated “affordable” through the city’s voluntary inclusionary housing program, and none were created through the mandatory inclusionary housing program, the Brooklyn Paper reported, citing data from the report.

The report comes as the City Council is poised to vote on a potential rezoning of Industry City on the neighborhood’s western edge. The developers behind the Brooklyn complex are seeking to rezone the 35-acre waterfront campus to allow for more retail, academic space and offices. The City Council has until early November to vote on the proposed rezoning, but critics worry that the rezoning could lead to an even greater strain on housing in the neighborhood.

The median gross rent in the area is $1,630/month, according to the report, which is slightly higher than that of NYC as a whole. The nonprofit also found that Sunset Park’s housing stock is among the oldest in the city, with over half of the area’s units constructed before 1939.

Meanwhile, the neighborhood’s population has seen modest growth over the past decade: The number of Sunset Park residents grew to 143,847 in 2018, from 126,230 in 2010, according to the report.

“The neighborhood simply does not have enough apartments to support the influx of new residents and recent immigrants and to alleviate overcrowding,” the report said. “New solutions are required to address the current housing pressures and combat the threat of displacement.”

Those solutions should include tenant protections and the construction of affordable apartments on underutilized land, the report said, as well as rezonings that encourage the development of low-income housing. [Brooklyn Paper] — Keith Larsen


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Ronnie Wood and his London home (Getty, Milton Stone)

Rolling Stones guitarist Ronnie Wood lists colorful London townhouse

Rolling Stones guitarist Ronnie Wood lists colorful London townhouse
Bozeman, Montana

Montana’s real estate market shows no signs of cooling heading into winter

Montana’s real estate market shows no signs of cooling heading into winter
French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate
902 Drew Street and 400 East 58th Street (Google Maps)

New York’s multifamily sales improve in Q3

New York’s multifamily sales improve in Q3
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)

Opendoor hires CIO from Ken Griffin’s Citadel

Opendoor hires CIO from Ken Griffin’s Citadel
(Getty)

Manhattan rents fall below $3,000 for first time since 2011

Manhattan rents fall below $3,000 for first time since 2011
arrow_forward_ios

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

Loading...