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Old 04-09-2019, 06:36 PM
 
19,815 posts, read 13,029,041 times
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Interesting side story to the whole Essex Crossing development.


50 Years After Eviction For Urban Renewal, Some Former LES Residents Told They're Too Poor To Return: Gothamist
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Old 04-09-2019, 07:55 PM
 
920 posts, read 425,307 times
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They really screwed up that lady's application process. Credit history alone isn't sufficient basis to deny an application any more, and she should have been notified right away so she could appeal, rather than finding out ages later. No wonder they found a spot for her.

C&C Management deals with low-income people all the time, though, so I don't know what all these excuses about the developer's inexperience with that group are supposed to be about.
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Old 04-09-2019, 07:57 PM
 
Location: Earth
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oh the irony
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Old 04-10-2019, 08:23 AM
 
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The irony is if that part of the LES was the same as it was in 1967 they wouldn't even want to return.
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Old 04-10-2019, 09:10 AM
 
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This whole luxury apartment market with their outrageous rents will soon crash. (i hope)
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Old 04-10-2019, 11:59 AM
 
Location: Confines of the 101 Precinct
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Big deal. A lot of people live a market-rate life up here, take their proceeds and move down South, then want to move back, and can't because its too expensive.

It was the family not doing their due diligence to remind the city to honor their agreement, they prolly could have been placed elsewhere years ago.
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Old 04-10-2019, 12:22 PM
 
Location: In the heights
21,634 posts, read 23,064,690 times
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Quote:
Originally Posted by SeventhFloor View Post
Big deal. A lot of people live a market-rate life up here, take their proceeds and move down South, then want to move back, and can't because its too expensive.

It was the family not doing their due diligence to remind the city to honor their agreement, they prolly could have been placed elsewhere years ago.
It was also politicians purposefully stalling development there as long as possible in order to ensure their voting base wasn't diluted. These people were also potentially living at market rate at the time, but market rate was low. They got eminent domain'd out with the promise that they'll be first in line for affordable development later.
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Old 04-10-2019, 12:38 PM
 
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Crash? No. Top out, drift down for a while. Bottom out not too far down, start drifting up again? Much more likely.

Quote:
Originally Posted by Mr. Ryu View Post
This whole luxury apartment market with their outrageous rents will soon crash. (i hope)
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Old 04-10-2019, 12:48 PM
 
7,727 posts, read 5,025,403 times
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Quote:
Originally Posted by OyCrumbler View Post
It was also politicians purposefully stalling development there as long as possible in order to ensure their voting base wasn't diluted. These people were also potentially living at market rate at the time, but market rate was low. They got eminent domain'd out with the promise that they'll be first in line for affordable development later.
Sheldon Silver wanted those jew voters intact..
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Old 04-10-2019, 02:33 PM
 
19,815 posts, read 13,029,041 times
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Quote:
Originally Posted by Pope of Greenwich Village View Post
The irony is if that part of the LES was the same as it was in 1967 they wouldn't even want to return.

True, true!
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