Affordable Housing Seminars The first seminar will take place this Thursday, July 31 at 6:30 pm at Brown Memorial Baptist Church, 484 Washington Avenue. RSVP to Churches United for Fair Housing (CUFFH) at [email protected]. Introduction A recent report by the Downtown Brooklyn partnership highlighted a building boom with thousands of new residential units on the way. A significant number of those – up to 1,100 over the next three years – are affordable units available to the public through a lottery process, with at least 50% of the units set aside for local residents. “The transformation taking place in Downtown Brooklyn is astounding as thousands of new apartments in new buildings are coming online at a rapid pace,” said HPD Commissioner Vicki Been. “What people cannot see is that many apartments in these gleaming towers are set aside as affordable and as such are required to be rented through HPD’s lottery process. All of these affordable apartments have a preference for residents of the neighborhood.” Despite this, developers often have a hard time filling that quota, with lottery applicants often deemed ineligible for minor errors in their applications or poor credit. Enter a unique program spearheaded by the Downtown Brooklyn Partnership, in conjunction with State Assemblyman Walter Mosley and City Council Member Laurie Cumbo and some of the area’s largest real estate developers including Acadia Realty Trust/Washington Square Partners, BFC Partners, Forest City Ratner Companies, Steiner NYC LLC, and Two Trees Management Company, to help area residents better compete for the units coming online. The remaining seminars will be held at 6:30pm on: November 13, 2014 at the Hanson Place Seventh-Day Adventist Church (88 Hanson Place); hosted by Fifth Avenue Committee February 4, 2015 at Pratt Institute (200 Willoughby Avenue); hosted by Mutual Housing Association of New York Jaime Vacca-Hoefner
Posted on: Tue, 29 Jul 2014 19:17:38 +0000
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