![]() |
![]() |
||||||||||||
![]() |
|||||||||||||
|
Atlantic Yards will also address a great need in the surrounding areahousing. Currently, New York City is facing a tremendous housing crunch, and Brooklyn's population is only growing. The Atlantic Yards development will help alleviate this problem by adding 6,430 units of mixed-income housing. Of the 6,430 housing units, 1,730 will be market-rate condominiums, and 4,500 will be rental units. Fifty percent of the rental units will be set aside for middle- and low-income families, with target rents for these units set at 30 percent of household income. Additionally, at least 200 ownership units on-site will be dedicated for ownership by low-, moderate- and middle-income individuals and families. This unique housing initiative was developed with the nonprofit advocacy group Association of Community Organizations for Reform Now (ACORN). FCRC has also agreed to build 600 to 1,000 affordable ownership units dedicated to low- and moderate-income families, either on- or off-site, with a minimum of 200 of those on-site. You can view the specific breakdown of the 2,250 affordable units that will be available here.
|
Affordable Housing Applications for low- and middle-income apartments will be available beginning in 2009, with occupancy beginning in 2010.
Income/Rent Charts FCRC Commitment: 50% of Rental Units to be Affordable
|
||||||||||||