Thousands of new affordable apartments can be created in a few months – maybe not 200,000, but more affordable apartments can be put on the market within one year than we have built in many years.
Indeed, thousands of new affordable apartments can be created in a few months – and without federal subsidies or public incentives of any kind!!
Judge enjoined City’s redevelopment proposal for area straddling Williamsburg and Bedford-Stuyvesant. In December 2009, the City Council approved the Department of Housing Preservation and Development’s redevelopment proposal for the Broadway Triangle Urban Renewal Area in South Williamsburg, Brooklyn. The seventeen-block urban renewal area was created in 1989 and is primarily located within Community District 1, with a six-block portion within Community District 3. CD 1 is predominately white with a large Hasidic community, and CD … <Read More>
Residents failed to show that the project offered no public benefit. Brooklyn residents sued in federal court, challenging the state’s plan to use eminent domain to take their property as part of the Atlantic Yards project. The residents claimed that the project failed to meet a public purpose, and that the state was taking private property solely for the private benefit of Forest City Ratner Companies, the project’s developer.
Defendants, including the Empire State Development … <Read More>
For the past two decades, Ronay Menschel and Adam Weinstein have led the Phipps Houses Group, New York City’s oldest and largest affordable housing provider. Founded in 1905 by Carnegie Steel’s Henry Phipps, the organization has built over 6,000 units, and currently manages 12,500 apartments, as well as community service centers, Head Start locations, vocational centers, and afterschool programs.
In the mid-1970s Ronay Menschel worked in Edward I. Koch’s Washington Congressional office and moved to … <Read More>
Affordable housing programs controlled by federal and state law. After multiple hearings on the declining number of affordable housing units, the City Council passed Local Law 79 of 2005 over a mayoral veto. The law gave tenants the right of first refusal to purchase their buildings when the owners sought to remove the properties from certain assisted rental housing programs. The law also allowed tenants who did not purchase their building to stay in their … <Read More>
Old Pfizer Facility Rezoned for mixed uses. The pharmaceutical company Pfizer operated out of a modest red-brick building located at the intersection of Harrison Avenue and Bartlett Street in the Broadway Triangle neighborhood of Williamsburg, Brooklyn until Pfizer relocated in 2007. In 2012, Harrison Realty, LLC. purchased Pfizer’s Brooklyn real estate for $12,750,000. Since purchasing the Pfizer Site, the building has been demolished and the site officially designated a ‘brownfield.’ Harrison rented the site out … <Read More>