Time to Get Your 160 Schermerhorn Lottery Ticket
If you make between $21,770 and $29,760, you’ll want to keep reading. 160 Schermerhorn, phase two of the Hamlin/Time Equities project that started with the 14 Townhouses, has begun taking applications for 100 affordable studio apartments in the building. (The building as a whole has 190 units.) And how sweet a deal is it? $625-a-month…

If you make between $21,770 and $29,760, you’ll want to keep reading. 160 Schermerhorn, phase two of the Hamlin/Time Equities project that started with the 14 Townhouses, has begun taking applications for 100 affordable studio apartments in the building. (The building as a whole has 190 units.) And how sweet a deal is it? $625-a-month sweet! No pets are allowed; nor are full-time students. Half of the units are reserved for people who already live within Community Board 2. There are also some single-digit set-asides for various physical impairments. The application deadline is April 30 and details can be found here.
Development Watch: 160 Schermerhorn Tops Out [Brownstoner] GMAP
Development Watch: Schermerhorn House Rising [Brownstoner] P*Shark
Some More 411 on the “Schermerhorn House” [Brownstoner] DOB
no one’s saying the neighborhood is finished, but keep it up with the hyperbole – it’s amusing to listen to you people squirm rather than accept facts that don’t look good on the bumper of your hybrid car.
Society and government keeps people poor. Subsidys, regulation, welfare, etc. makes sure droves are locked into the system. If you were gauranteed a place to live, free food, free health care, and free child care, what incentive would you have to work hard and educate your children. Poverty breeds poverty because we allow it to and nurture it.
Call it liberal guilt, or some secret racist agenda,or whatever, but the more we spend on welfare and housing projects and subsidys, the more poor people we get.
a family of eight senior citizen actor/artist muggers living in a 266 sf studio apt behind Macy’s and the detention center — Forget Atlantic Yards. Forget the What and the credit crash. This is really the end of the neighborhood. I’m out of here. Keys to my house on Remsen St are under the doormat. Take it over if you dare!
This rent is the equivalent of buying at 400/sq. ft. Is that a good price for the back door to the Fulton Mall?
Montrose – when you’re done picking your jaw off the floor, take your head out of your rear as well. thanks for the clarification about poverty and crime. glad you’re not sanctimonious. no, poverty does not EQUAL crime, but the two tend to congregate. it’s a fact, regardless of what your imagination tells you. it’s not mean-spirited, it’s reality, and life is tough.
Montrose Morris – self-appointed conscience of the neighborhood.
If the liberal limousines are hanging out in downtown Brooklyn now, where are the conservative ones? What’s the matter, they don’t like the Fulton Mall?
Schermerhorn is not “projects”. This is private development by a market-driven for-profit developer.
Seems highly likely that studio apartments for people with incomes below 30k will mostly go to senior citizens living on social security that they receive because current employees pay social security taxes.