Thursday, December 18, 2014
This is what DeBlasio considers to be affordable?
From the Daily News:
Only in New York could you win an “affordable housing” lottery and still wind up paying almost $3,500 a month in rent.
Mayor de Blasio broke ground on a housing complex near Barclays Center in Brooklyn on Monday, where most units will run between $2,500 and $3,500 a month.
More than half the units at Pacific Park — formerly Atlantic Yards — will be set aside for “middle-income” New Yorkers — defined as earning 121% to 165% of citywide median income. Families of four whose income is between $100,681 and $138,435 will qualify.
By comparison, middle income for a family of four is defined as $94,560 in Philadelphia, and $72,400 to $88,300 in Chicago.
The Brooklyn tenants will pay 30% of their income for rent — the standard for all affordable housing, regardless of income. That will bring the rent as high as $3,461.