Posted Mar 27, 2026, 4:19 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,623
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https://therealdeal.com/new-york/2026/03...antity-at-crown-heights-housing-project/
Hochul goes 75% market-rate in Crown Heights
Erik Engquist
March 27, 2026
Quote:
Something noteworthy about Gov. Kathy Hochul’s plan for 300 new homes on state land in Crown Heights: Most will be market-rate.
Her request for proposals for 1119 Pacific Street calls for at least 75 of the apartments to be permanently affordable, which would mean 225 market-rate units. That’s your basic Mandatory Inclusionary Housing project, with 25 percent of units income-restricted.
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Quote:
At 5 World Trade Center, activists — and quite a few elected officials — called for a 100 percent affordable skyscraper. Hochul eventually agreed to 33 percent, and eventually the activists went away, but now the project is on hold because even at that level of affordability it might not pencil out.
I’ll be watching the Crown Heights project, which will replace a Metropolitan Transportation Authority facility, to see if anyone objects to 25 percent affordability. I’m betting against it. Times have changed. Unit counts and certainty matter more now.
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