Looking at the Affordable NY program: even middle-income units at 130% of AMI (vs. 165%) are getting pricey. A template for future Atlantic Yards towers?
Affordable apartments for high earners on LIU’s Downtown Brooklyn campus , the Brooklyn Daily Eagle reported 9/26/19, pointing to RXR Realty's 34-story, 476-unit apartment building at 196 Willoughby St., which includes 30 percent affordable units--at 130 percent of regional Area Median Income, or AMI. That's middle-income, but a lower "band" than some Atlantic Yards/Pacific Park affordable housing. Via HPD If the LIU building opened this year, studios would rent for $2,026, one bedrooms for $2,542, two bedrooms for $3,063, and three bedrooms for $3,530, as indicated in the second large chart below. But it just had a groundbreaking, and rents surely will have risen by the time it opens. "Workforce housing" RXR Executive VP Seth Pinsky, a former head of the NYC Economic Development Corporation and the incoming head of the 92nd St. Y, called the income-linked units “workforce housing, which we think is important for the borough.” That's a no...