"Most of the 300 new homes planned for Crown Heights will be market-rate, with only 75 units designated as permanently affordable, reflecting a shift in housing priorities."
"The current trend in housing development emphasizes quantity over affordability, as evidenced by the response to the 5 World Trade Center project and the ongoing Crown Heights initiative."
"Assembly member Linda Rosenthal's statement underscores the urgency of utilizing underutilized land to address the affordability crisis, highlighting the importance of new housing developments."
Gov. Kathy Hochul's housing plan for 300 new homes in Crown Heights includes 225 market-rate units and 75 permanently affordable apartments. This approach reflects a shift towards prioritizing quantity over affordability in housing projects. Previously, there was significant pressure for higher percentages of income-restricted units, especially on public land. The current trend indicates a focus on unit counts and project feasibility, as seen in the ongoing discussions about the 5 World Trade Center project. The transformation of the MTA lot is viewed as beneficial for the community amidst the affordability crisis.
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