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Old 12-17-2015, 08:33 AM
 
20,547 posts, read 13,576,401 times
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Riverton Houses have been sold but in exchange for hefty tax breaks new owner has agreed to keep much of the complex *affordable* for thirty years.


Riverton Housing Complex | Affordable Housing NYC
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Old 12-17-2015, 09:31 PM
 
1,015 posts, read 693,783 times
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This is a Sh*t policy. Letting rich greedy developers get out of paying taxes in exchange for promises that they'll keep the units rent-stabilized for 30 years? That's sh*t. Rent stabilization is NOT affordable. Apartments are listed at $1850 for a one bedroom, and that's considered affordable? Riverton Houses needs to be seized by eminent domain and turned into public housing, or driven into to the Mitchell Lama Program. Simple as that. That's the only real affordability in this city.
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Old 12-17-2015, 09:36 PM
 
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Hey boogeydowndweller, what do you think about the bronx is burning's newest up and coming neighborhood the Piano dicktrist?..I hear its affordable housing with a minimum yearly income of 500k

Last edited by Spodi90; 12-17-2015 at 09:49 PM..
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Old 12-17-2015, 09:53 PM
 
24,062 posts, read 17,467,813 times
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Quote:
Originally Posted by BoogeyDownDweller View Post
This is a Sh*t policy. Letting rich greedy developers get out of paying taxes in exchange for promises that they'll keep the units rent-stabilized for 30 years? That's sh*t. Rent stabilization is NOT affordable. Apartments are listed at $1850 for a one bedroom, and that's considered affordable? Riverton Houses needs to be seized by eminent domain and turned into public housing, or driven into to the Mitchell Lama Program. Simple as that. That's the only real affordability in this city.
You cannot force private property to become public housing or go to the Mitchell Lama program. If anything NYC needs a lot less public housing. The city got nothing out of having so much "low income" housing but being a dumping ground for other parts of the nation that refused to offer much in the way of job opportunities or social services for their residents.
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Old 12-17-2015, 10:30 PM
 
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NyWriterdude, do you think public housing will shrink in the coming decades due to the location's real value?
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Old 12-17-2015, 11:15 PM
 
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Originally Posted by Spodi90 View Post
NyWriterdude, do you think public housing will shrink in the coming decades due to the location's real value?
Public housing grounds have been leased to developers or had long term stakes in it sold so yes.
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Old 12-18-2015, 12:51 PM
 
798 posts, read 904,151 times
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Originally Posted by NyWriterdude View Post
You cannot force private property to become public housing or go to the Mitchell Lama program. If anything NYC needs a lot less public housing. The city got nothing out of having so much "low income" housing but being a dumping ground for other parts of the nation that refused to offer much in the way of job opportunities or social services for their residents.
not saying NY or anywhere else needs to be a welfare state but with the increasing gap and scarcity of solid affordable housing, at its worse those conditions are what created public housing and mitchell lama housing in the firstplace......
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Old 12-18-2015, 08:17 PM
 
1,015 posts, read 693,783 times
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Originally Posted by NyWriterdude View Post
You cannot force private property to become public housing or go to the Mitchell Lama program. If anything NYC needs a lot less public housing. The city got nothing out of having so much "low income" housing but being a dumping ground for other parts of the nation that refused to offer much in the way of job opportunities or social services for their residents.
Yes you can, it's called Eminent Domain!& What do you mean the city has got nothing? the low-income housing in New York remains the only thing that keeps working families in New York City. It remains the only fortress against gentrification.

I do agree that social services lag in other parts of the country, and that's not ok. Other parts of the country need to follow NYC's leadership in this area. But NYCHA and Mitchell Lama for instance, safeguard against becoming a dumping ground by preventing non-New York State residents from residency in their housing. In NYCHA you get second priority, AKA you'll never get picked unless by some miracle there are no New Yorkers on the waiting list. In Mitchell Lama, you're straight up banned.
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Old 12-19-2015, 05:14 AM
 
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Originally Posted by BoogeyDownDweller View Post
Yes you can, it's called Eminent Domain!& What do you mean the city has got nothing? the low-income housing in New York remains the only thing that keeps working families in New York City. It remains the only fortress against gentrification.

I do agree that social services lag in other parts of the country, and that's not ok. Other parts of the country need to follow NYC's leadership in this area. But NYCHA and Mitchell Lama for instance, safeguard against becoming a dumping ground by preventing non-New York State residents from residency in their housing. In NYCHA you get second priority, AKA you'll never get picked unless by some miracle there are no New Yorkers on the waiting list. In Mitchell Lama, you're straight up banned.
Be serious. Since when in recent decades have they bothered to use eminent domain for poor people. NYC has a surplus of poor people. They want them to move OUT.

What pays for services like education, libraries, NYPD, NYFD, and other essential services is property taxes. It therefore is in the city's best interest to eliminate as much low income housing as possible and have higher paying housing.

NYC is the world's financial capital and one of the center's of Anglo/American capitalism.

Let's see the city for what it is.

Also keep in mind people don't do anything to be nice.

People do something because it benefits them. The city and other major cities quite some time ago have done cost/benefit analysis and determined it's in their best interest to gentrify. There is no benefit in building lots of new low income housing for these cities.

For starters who would pay for it? Developers? There's no return on their investment. The government?

But those with money have to be willing to pay the taxes OR they could leave the municipality and that includes large companies/employers.
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Old 12-19-2015, 07:37 AM
 
Location: Manhattan
21,408 posts, read 28,202,478 times
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The former owner, Larry Gluck’s Stellar Management, purchased the complex in 2005 in hopes of bringing in higher-paying tenants. But Stellar defaulted on its $225 million mortgage and its lenders foreclosed. CWCapital, which controlled Stuyvesant Town after Tishman Speyer defaulted, took over the complex in a 2010 auction.

And why would Eisenberg think he will fare any better?
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