Condo-Turned-Shelter Sparks Homeless Frenzy
Yesterday’s news that a new building in Crown Heights had turned shelter rather than condo sent ripples through the homeless community yesterday, with a wave of hopefuls making the pilgrimage to the East New York Avenue building yesterday. “It would be a dream for me to move in here,” said Jasmine Lopez, 21, who traveled…
Yesterday’s news that a new building in Crown Heights had turned shelter rather than condo sent ripples through the homeless community yesterday, with a wave of hopefuls making the pilgrimage to the East New York Avenue building yesterday. “It would be a dream for me to move in here,” said Jasmine Lopez, 21, who traveled from East Harlem with her 6-month-old daughter in hopes of securing one of the 67 apartments. Not everyone is as excited by the news: The Daily News reported this morning that some neighbors have started a petition to block the deal, fearing it will hurt local property values.
No wonder condo owners were waiting for that 400.00 dollar city home owner rebate check as if they needed to buy milk and bread. So are condo’s still worth half a million dollars in Brooklyn?
Yes Morris is right – there is a big difference between families and single men, as per the Atlantic Amory. However – there is still the potential nuisance “drama” (anyone who walks by the women’s shelter on 8th ave in Park Slope knows what I’m talking about.) The city “overpays” regardless of where they house homeless families, so if a developer and the city can make use of what would be an otherwise vacant building – the better. However, the irony of the city supposedly spending millions of dollars to provide housing for the poor (something I’m not against but many of these families are in this position because of poor choices they’ve made in life) as opposed to buying up or helping these developers finish their half- finished projects in return for turning them into truly affordable housing – for working/middle classes, something a bus driver or teacher with a family can truly afford. For some Crown Heights ends at Utica, others Ralph ave. So take your pick: Rugby, East NY, Brownsville, Wingate, Flatlands. This area may not be the most fashionable but there is a park close by and some well kept row houses. Fringe is relative.
This is my secret hope for the Collection up the street from my apartment. If it’s ugliness could do some good maybe it would balance things up.
The $2700/month is what’s paid to the nonprofit and includes social services and job placement etc, it’s not just for rent. The article says it’s unclear how much the developer’s getting paid by the nonprofit.
nicely put, rob.
i will not begrudge any of this. you know how sometimes life throws you a F’ed up curveball? well sometimes life can throw you something really nice and unexpected. if a homeless family gets a chance to live in a swank apartment, so be it. lucky them! maybe they karmically deserved it. however, careful screening, drug testing, job seeking & going to school, etc should be part of the program. the people up in arms about this are just jealous. and like Meghan from Charm School says, Jealousy is a Disease!
*rob*
“You’re still dead wrong about Brooklyn hotels though. They’re gonna be hurting.”
OK, that’s cool if that’s what you think. As I said yesterday, I’m willing to bet I’ll be proven correct. We’re just going to have to wait and see what occurs.
“Didn’t that screw up LeFrak City for years?”
Yep but don’t feel sorry LeFrak’s that’s a cash cow!
“I just threw that out there, What. I have nice tenants with good jobs that just re-signed. No problem renting in Bed Stuy for what I rented for over a year ago.”
“The building down the street with 4 units rented out in about 3 weeks.”
Dave we are in a new dynamic! What worked a month ago is dead in the water now. Let direct your attention to the Bond Markets.
http://www.bloomberg.com/markets/rates/index.html
Look at the curve getting slammed! Higher rates guys, higher rates!
The What (It’s over)
Someday this war is gonna end…
I just threw that out there, What. I have nice tenants with good jobs that just re-signed. No problem renting in Bed Stuy for what I rented for over a year ago.
The building down the street with 4 units rented out in about 3 weeks.
Did you hear that cornerbodega?????????