From The Real Deal:
With the City Council set to vote Thursday on the Domino Sugar Factory condominium development's plans, insiders say that fewer than expected affordable housing units may make the cut, according to the New York Post. The vote, which would grant a zoning change to allow for the $1.5 billion Williamsburg development, is expected to be approved by the council. Still, the zoning change proposal includes no provisions guaranteeing that 30 percent of the 2,200 apartments will be affordable, as developer CPC Resources had previously promised. This constitutes a major risk, affordable housing advocates say, allowing CPC a loophole to back out of its affordable housing pledge. The project is expected to break ground next year, with various phases of construction set to extend over the next 10 years.