Head_Acanthisitta256

Head_Acanthisitta256 t1_ixb5yvc wrote

“Won said Thursday that she’s notched some concessions: 1,436 affordable units, double the 711 initially proposed; 500 units at 30% of the area median income; 157 apartments for homeless New Yorkers; and a $2 million fund to protect tenants from displacement and harassment.”

If this is indeed true then amazing job by this councilwoman. Devil is in the details though.

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Head_Acanthisitta256 t1_iuyrl15 wrote

Who’s this “more coming to the area”? The city population has dropped the past two plus years.

There’s already displacement BECAUSE of these units. Rents are rising artificially through these developments. This UCLA “study” is conveniently ignoring that fact.

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Head_Acanthisitta256 t1_iuyptg6 wrote

Looks like you don’t know the facts!

https://www.thecity.nyc/2022/10/19/23413936/innovation-qns-fight-pits-donovan-richards-against-julie-won?_amp=true

“The Innovation QNS developers won over some former opponents, including Borough President Richards, by increasing the projects’ share of affordable housing units from the mandatory 25% to 40% through prospective city subsidies.”

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Head_Acanthisitta256 t1_iuyou3k wrote

LOL!

Astorians are seeing massive rent increases because of the major influx of luxury apartment complexes that were built or being built.

These new complexes raise the avg monthly rent of the neighborhood. And when new tenants come along landlords will ask for market rent which was artificially inflated by the new developments.

There’s no guarantee that this development will even create 40% affordable housing.

The only way to help renters is through building AFFORDABLE housing not majority luxury housing that’ll increase the rents of a neighborhood.

The supply side lies about new units lowering rents is so absolutely hilarious!

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