Mixed-Income Project Underway in Red Hook
Red Hook blog b61 productions has a piece today on the new mixed-income development underway on Wolcott street. Twenty of the sixty-unit co-op’s units will be reserved for families with incomes between $22,000 and $42,000. The families will be selected by a city-wide lottery. The article reports that the $17 million project will increase home…
Red Hook blog b61 productions has a piece today on the new mixed-income development underway on Wolcott street. Twenty of the sixty-unit co-op’s units will be reserved for families with incomes between $22,000 and $42,000. The families will be selected by a city-wide lottery. The article reports that the $17 million project will increase home ownership in the area by 20 percent, which implies that there are only 300 home owners in the area. Can that be right?
FAC Development Stokes Discussion [b61 productions]
It’s not all low income. It’s tiered. 1/3 is set aside for low income; 1/3 for middle income; and 1/3 is to be sold at market rate to help subsidize the whole endeavor.
just what Red Hook needs, more low income housing! If ever there was a nabe in need of market rate housing… Right across the street from the school were the principal was shot and killed.
If you walk around the neighborhood you’ll see it’s a mix of modest three story rowhouses and industrial buildings and a lot of open lots used for parking and other municipal/commercial purposes. There’s just not that many homes to be owned there and at the moment there are no condos/coops that I’m aware of. So while that number seems low the simple fact is that Red Hook per acre does not have the kind of population density that other ares of South Brooklyn do.
Duh!
Actually, it implies that there are 300 homeowners in the area. Mr. Brownstoner must be a product of Clinton Hill schools.