Bedford Park Housing (Freedom, Norwood, Lewis: low income, real estate, 2015)
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http://commercialobserver.com/2015/0...erty-for-7-1m/, Stagg apparently plans to build 259 residential apartment units, half of which will be allocated for low-income residents (income below 57 percent of the area median income), creating a Low Income Housing Tax Credit for the new owner.
What's the median income of the area these days? 36-40K?
Something really stinks about the cozy relationship between Stagg,former borough president Carrion and current borough president Diaz and with Stagg having a virtual monopoly on all the affordable housing being built in The Bronx.
They should all go to jail together.
And they are putting way too much affordable housing in Bedford Park. It feels like there is definitely a master plan to do this and it's not right to concentrate so much in one neighborhood.
All this will do is import low lives from other parts of the Bronx and other parts of the City and dump them in Bedford Park, creating a concentration of under class residents that never existed in that area to begin with. 259 is a lot of apartments to introduce to a community.
There really needs to be some type of law not to concentrate too much of this in one neighborhood. It's really troubling. I don't know what the residents can do, other than pressuring the community board (which doesn't have a lot of power either). Any ideas?
There really needs to be some type of law not to concentrate too much of this in one neighborhood. It's really troubling. I don't know what the residents can do, other than pressuring the community board (which doesn't have a lot of power either). Any ideas?
Good luck. There is enormous money to be made in very low-income housing. Entire management organizations have been set up, ECDO, West Harlem Group Assistance, and for a longer time George Lewis. I'm sure there are Bronx-specific organizations but I believe West Harlem is involved there as well.
This is a terrible problem in Harlem in spite of the kind of real estate free-for-all.
Something really stinks about the cozy relationship between Stagg,former borough president Carrion and current borough president Diaz and with Stagg having a virtual monopoly on all the affordable housing being built in The Bronx.
They should all go to jail together.
And they are putting way too much affordable housing in Bedford Park. It feels like there is definitely a master plan to do this and it's not right to concentrate so much in one neighborhood.
I have no evidence of corruption but something does stink. These buildings are the new "pj's".
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