Water Views for Lower-Income W'Burgers
Guess we were asleep at the wheel because we just heard about the Palmer’s Dock development on the Williamsburg waterfront that was announced on October 7. A joint venture between New York City developer L&M Equity Participants (of Schaefer Landing fame) and Dunn Development, the project will create 117 housing units for low- and moderate…
Guess we were asleep at the wheel because we just heard about the Palmer’s Dock development on the Williamsburg waterfront that was announced on October 7. A joint venture between New York City developer L&M Equity Participants (of Schaefer Landing fame) and Dunn Development, the project will create 117 housing units for low- and moderate income families. The city is putting up $8 million in capital and the city and state are kicking in an additional $17 million of low-income housing tax credits. Named after the original waterfront railway terminal that was once active on the site, the 6-floor Fox & Fowle design will also incorporate 18,000 square feet of retail. As far as we can tell, the specific location of the project in on the waterfront somewhere between North 2nd and North 6th Streets. Anyone know for sure?
City to Help Fund Brooklyn Waterfront Project [Crain’s]
Affordable Housing for Brooklyn [NY1]
Steps Away from the Water [Wired NY]
Palmer’s Dock [Dunn Development]
Aren’t these better than city-run housing projects though? I don’t think you need to enter a lottery to live there…
Residents were chosen by a lottery system and at least half were currently living in Williamsburg.
Its North 4th to North 6th (yes, just north of 184 Kent).
The 117 units are only the onsite affordable portion. The article I read said the overall project was 900 (!) units. The # of onsite affordable units is only 13% of the total, but there are an undisclosed # of offsite units (hopefully another 17%, getting us to the 30% the community was promised in the rezoning…).
I think Cat is being pssiimistic – the developers are getting a huge density bonus to construct these affordable units. As a result, that rendering is incredibly misleading – it shows the low-height portion, probably along Kent Ave., but omits the tower(s) on the water, which could be as much as 40 stories if they get the full bonus.
What is the definition of low-income housing? Does anyone know? How poor do I have to be? And among the many, many people in need, how do you decide who gets these babies? The whole system seems weird and I am not so sure that it is so fair at the end of the day!
From the pics on the dunn site, it is right next to 184 Kent, I think that is N6th
Am I being beyond pessimistic, or does anyone actually believe these will be handed over to low-and-middle income families?
So the whole thing is for low/mid income housing? Sweet deal for them.