There's one big problem with Mayor de Blasio’s affordable housing plan for East New York — it’s not affordable, according to a report by city Controller Scott Stringer.
The report, to be released Thursday, finds that 1,896 of the 3,447 affordable units the plan will create could end up too expensive for people who live in the Brooklyn nabe.
The units will be priced at around $1,200 a month, according to the formula that the city is using to determine affordability, Stringer’s report said.
That formula considers a family of three earning $46,620 a year to be “low-income.”
But the typical family in East New York — the first neighborhood to be rezoned under the mayor’s plan — earns just $32,815.