PACC Cuts Ribbon at 566 Gates Avenue
Yesterday, the Pratt Area Community Council, along with pols like Borough President Marty Markowitz (who kicked in $250,000 to the project) and Council Member Al Vann, cut the ribbon on the non-profit’s latest affordable housing project at 566 Gates Avenue. The green development 24 two-bedroom and 10 one-bedroom apartments for low- and moderate-income households, with…
Yesterday, the Pratt Area Community Council, along with pols like Borough President Marty Markowitz (who kicked in $250,000 to the project) and Council Member Al Vann, cut the ribbon on the non-profit’s latest affordable housing project at 566 Gates Avenue. The green development 24 two-bedroom and 10 one-bedroom apartments for low- and moderate-income households, with unit prices ranging from $87,000 to $167,000. The Gates Cooperative is part of PACC’s larger effort to create affordable homeownership opportunities in Bedford-Stuyvesant and surrounding neighborhoods where real estate prices are beyond local residents’ reach, stated PACC’s Housing Director Drew Kiriazides. The bulk of the financing came from HPD, HDC and New York State Affordable Housing Corporation.
$34,000 to $48,000, pre-war buildings, beautifully kept… if you’re patient! 🙂
“$87,000 to $167,000”
Clinton Hill Co-ops if you’re patient.
***Bid half off peak comps***
“Rob” if you’re truly interested in getting on a waiting list for an affordable co-op ( income can’t exceed $47,000 for a one bedroom floor-through unit ) please contact me
at brenkiw@aol.com
Our co-op is located in Windsor Terrace, right off of PPW…
we have seven buildings, 51 units, comprised of 1, 2, & 3
bedroom units…
You’ve read it on other websites. Then it must be true! A friend of mine (whose name I know and who actually exists), got into another similar building (not sure if it was PACC or not) on Grand and Greene. Sweet pad. And no connections. She just signed up and waited.
of course one sure way of not getting one of these –
Is not trying, filling out appliciations, keeping lookout for the next, getting on waiting lists, in other words trying. Much easier to do nothing and say it is who you know.
Same goes with getting better job, finding a mate, etc etc etc. If you don’t try, and sit home and watch tv nothing will happen. That is guaranteed.
there’s also a ton of nepotism involved in these kinds of projects.. a lot of times, it’s less to do with how lucky you are in the lotto and meeting income guidelines, but who you know. and dont tell me otherwise, ive read about instances of this on many other websites.
*rob*
Sam — You’re right, this is a great middle-class option amidst a broken market system, but also remember that this is a solution for only a small percentage of people. I apply for every program like this that comes up and needless to say have never had any luck. From what I can gather, getting picked for one of these subsidized projects is akin to winning the lottery.
very cool. still out of my grasp tho :-/
*rob*
The reason for the high prices in ft greene is that the free market hasn’t been allowed to function.
between snob zoning, landmarks, rent control, and grasping city council/mayor/legislators, not enough gets built (or got built), meaning that the rest of us fight for what’s left.