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"………….the development was dubbed La Central and will be geared toward low- to moderate-income tenants who make 30 percent to 100 percent of the neighborhood’s average median income."
It would be better for everyone if they would start making some of these new affordable projects in The South Bronx and everywhere else available to people making at least a bit more than "30% to 100% of the neighborhood family median income",which in this case is probably only about $25,000/yr. Otherwise they are going to wind up being just modern day housing projects.
How can they call $25,000/yr in NYC a "moderate" family income?
The people living in the Bronx would apparently like to continue to be the people living in the Bronx.
Seems reasonable to me.
Because, unfortunately, that's what it IS. It's called THE REAL WORLD.
Oh I know but if they don't make any attempt to get even slightly higher income people mixed into the neighborhood things aren't really going to change.In 10 or 20 years all these shiny new low income developments will be falling apart and filled with the same people and have the same problems as projects do today.
Why is it that in higher income neighborhoods they can set aside 20% of the units for low income people but in low income neighborhoods they don't allow anyone with anything higher than the local median income and most at only 30 to 50% of the local median income ? They are dooming these developments in the long run.It will be interesting to see what they look like in 20 years.
Oh I know but if they don't make any attempt to get even slightly higher income people mixed into the neighborhood things aren't really going to change.In 10 or 20 years all these shiny new low income developments will be falling apart and filled with the same people and have the same problems as projects do today.
Why is it that in higher income neighborhoods they can set aside 20% of the units for low income people but in low income neighborhoods they don't allow anyone with anything higher than the local median income and most at only 30 to 50% of the local median income ? They are dooming these developments in the long run.It will be interesting to see what they look like in 20 years.
These are just tax free development boondoggles.
l agree bluedog. They should let higher income people in as well. The problem is that higher income people can live anywhere and not the beneficiaries of the subsidies, nor should they be. There is scarce affordable housing as it is so setting aside any of these units for higher income people defeats the purpose. If it makes sense economically, developers will soon build market rate housing there. That's what's happening in Harlem now. They get the subsidies for adding the "affordable" percentage of units.
The ami (average median income) they are using is $80,000 for a family of 4, and $60,000 for a single person. Seems respectable to me and about 4x the ami of the existing neighborhood. They are targeting owners/renters between 100% of ami ( $80,000 and $60,000 respectively) through 30% of ami ($27,000 and $20,000 respectively). How it will be ultimately distributed is unknown....could be either extreme or fluid....I suspect it will be fluid with some at each extreme and the bulk in the middle.
The ami (average median income) they are using is $80,000 for a family of 4, and $60,000 for a single person. Seems respectable to me and about 4x the ami of the existing neighborhood. They are targeting owners/renters between 100% of ami ( $80,000 and $60,000 respectively) through 30% of ami ($27,000 and $20,000 respectively). How it will be ultimately distributed is unknown....could be either extreme or fluid....I suspect it will be fluid with some at each extreme and the bulk in the middle.
So what's the problem?
The article Pietrang linked clearly said…... "it will be geared toward low- to moderate-income tenants who make 30 percent to 100 percent of the neighborhood’s average median income."
The neighborhoods median income according to census figures is less than 25,000/yr.It is nowhere near 60,000 or 80,000.
30% to 100% of $25,000 is between $7,500 and $25,000.
60,000 to 80,000 would be more than 100% of the NYC median household income let alone the median income in that neighborhood.
I understand the article and how it was billed to get it approved by the community board. However that is not ultimately what the city approved to get built and who the apts will be marketed to. The actual plan and marketed units are based on the ami numbers I indicated as defined by the RFP:
I understand the article and how it was billed to get it approved by the community board. However that is not ultimately what the city approved to get built and who the apts will be marketed to. The actual plan and marketed units are based on the ami numbers I indicated.
Well,if they use the "ami" numbers( 80,000 yr) you claim it is going to be just as absurd because the median household income of all of NYC is only $50,000/yr.I'd love to have someone audit that process. Median household income of The Bronx is only about $35,000.
There is something really screwy about the whole thing.Probably it's all a scam anyway and the place will just get packed with relatives and friends of corrupt politicians and relatives and friends of corrupt community board members anyway.Usual Bronx B.S.
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