As previously reported, the long-empty lot is yielding an 8-floor residential building featuring 28 residences. News of housing here dates to October 2019, when an array of city and federal officials came together during a press conference "to celebrate the commencement of the preservation and rehabilitation of project-based Section 8 housing in the East Village." During this event, officials noted that more affordable housing was set for this 10th Street parcel.
It appears that 30% of those 28 units will be considered "affordable." Here's more from the website of Goshow Architects:
[The building is] intended to interchangeably mix market rate (70%) and affordable (30%) dwelling units. In the interest of dignity-for-all, there is absolutely no distinction between the two: same size rooms, same kitchen appliances, same level of fit and finish.
The rendering at the lot lists a completion date of Sept. 1, 2023.
Previously on EV Grieve:
5 comments:
30% affordable---70% markert rate!!!!! The city has to stop making this deal with the devil. The ratio is upside down. All this does is make sure neighborhoods become high income saturated with services skewed to their needs- upscale restaurants and bars.
@dwg if you flip that ratio the projects become financially untenable. In a perfect world yes that would happen but with construction and land costs where they are no developer would be able to build the reverse without heavy subsidies.
"[The building is] intended to interchangeably mix market rate (70%) and affordable (30%) dwelling units. In the interest of dignity-for-all, there is absolutely no distinction between the two"
Nice.
Anonymous- @9:22: In the East Village 30% affordable housing has left us with market rate blocks with no need for mom and pop businesses. Count the number of bars and restaurants on Avenue A. The city needs to work with developers to truly keep the East Village affordable at all levels.
Dear dwg, that ship had sailed years and years ago. The only other option is 100% unaffordable.
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