Wednesday, December 21, 2016
City deed restriction lifted by donation
From DNA Info:
The city has struck a deal to build 38 affordable housing units on a formerly deed-restricted plot of land.
The area, formerly owned by the Dance Theatre of Harlem at 152nd Street and St. Nicholas Avenue, will be developed by BRP Companies.
Earlier this year, The Department of Citywide Administrative Services accepted $875,000 from the developer in exchange for lifting the deed restriction, which had been in place since 1976 and ruled it could only be used for cultural groups.
The developer bought the lot for $3.1 million. They also made a financial contribution to one of Mayor Bill de Blasio’s political causes, the New York Times reported. BRP Companies did not respond to a request for comment.
Oh, well that's never happened before! And is 38 units really a lot?