Bait and switch? No, a win for housing
A hound-dog journalist just reported that developer Eli Pariente pulled a fast one. After getting new zoning from the City Council for two major Brooklyn projects, Pariente and a local Council member’s emissaries quietly renegotiated their affordability, Norman Oder wrote in City Limits. Instead of a promised 35 percent of units set aside for lower-income tenants, the new buildings at 870-888 and 1034-1042 Atlantic Avenue have the standard 25 percent affordability. Pariente donated another lot, at 1001 Pacific Street, where 46 affordable units will be built, hitting the 35 percent target if you consider all three lots together. If your […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Credit Scoring Is Changing: 3 Things Homebuyers Should
Know
Don't Let the Fear of a Buyer Backing Out Scare You Away
from Selling
Who’s Buying Homes with Cash Right Now?
Why Builders May Be More Motivated To Sell Than
Homeowners
What a Property Manager Really Costs (and How to Self-Manage
for Less)
Is the Housing Market About to Crash? What the Data
(Actually) Shows
First-Time Landlord? How to Find Great Tenants on Your Own
(Rookie Reply)
What’s at stake for real estate on election day
“Like pouring gasoline onto the fire”: Mitch Kossoff
explains stealing from clients to prop up failing
businesses
Madison Capital, Lubert-Adler finally sell 71 Fifth Ave
leasehold
