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
The Social Security administration calls it a tax. http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_adp.php?p_faqid=215&p_created=956064531&p_sid=1I1t6ZZi&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9MjcsMjcmcF9wcm9kcz0mcF9jYXRzPSZwX3B2PSZwX2N2PTEuNyZwX3BhZ2U9MQ**&p_li=&p_topview=1.
This is because it is a tax.
Your original statement, that people earning 25k / year don’t pay taxes is just propaganda. The social security, medicare and sales taxes are all regressive taxes that weigh more heavily on lower paid workers. They are paid by anyone who earns income or, in the case of sales taxes, spends it. Landlords are able to charge tenants rents that reflect the real estate taxes they pay, so anyone who lives in housing is paying real estate taxes. Etc.
Excuse me, 3:30, both of you, but poverty is not synonomous with law breaking. To intimate that someone living in a tiny studio, for which they had to go through a screening process and actually win in a lottery, is going to bring the neighborhood down, is insulting, ridiculous and absurd. 100 apartments, many of which are slated for people with disabilities, also not a known criminal element, out of thousands in the area, are a drop in the bucket. The mean spirited resentment of those who have so much against those with so little is rather jaw dropping.
3:30 — I doubt many people with 8+ will be living in studio apartments in the new Schermerhorn St housing.
Ah 3:17 – I never said it was voluntary, I just said it was not a tax. You are obviously one of the clever few who realizes that the government calls it “Withholding” as if they are putting it in a bank account for you to use later on, but in reality they treat it as tax revenues by borrowing against it and apppropriating funds to non-social security related tasks.
However, if we look at what the governemnt purports it to be, it is not a tax, it is a “Deferred Benefit”
NYC has the highest rate of low income and below the poverty line people in the country. We subsidize them to be here, if we didnt, they would go someplace else.
An no, all of you bleeding hearters, I am not talking about terachers and firefighters and artists, I am talking about people who raise familys of 8+ with multiple fathers and mothers in projects with little or no income and then pass them on to the next generation perpetuating an ever-growing and ever dependant population of poor.
3:20: this is exactly the crap i’m talking about. i’ve lived in the city for over 30 years. so can the “move to the suburbs” garbage. i’m well aware of what makes the city “distinctive” as well as the elements that make a neighborhood safe. this is not a term paper. it’s reality, and sticking new low-income housing in the middle of neighborhoods in which people have paid through the nose for their homes is both unfortunate and symptomatic of larger societal problems, foremost among them a “limousine liberal” tendency to condescend to and deify the poor and demonize the more fortunate. get over yourself.
For 2:51, who wants to live in a place where there are no low-income people. We have places like that. They are called suburbs, most of which use government regulation and subsidization to exclude the people you don’t want. The thing that makes the city distinctive is that we have many types of people, doing different things, earning or not earning different incomes, living together. If you don’t want to live in a city, there are plenty of other places for you.
Not sure what part of the government thinks social security is voluntary. If you don’t pay it, you will be prosecuted for failure to pay your taxes.
1:45 seems to have missed the part of the economics course where they discuss supply, demand and monopoly pricing.
Rent regulation in NYC does not apply to new construction, so eliminating it would not increase supply at all. The supply shortage is not caused by rent regulation but by the simple fact that middle class incomes aren’t big enough to pay for new construction in NYC.
The impact of rent regulation on the price of existing housing is unclear. Outside of the prime areas, it probably just creates some short term stability, but has little long term affect at all. In the prime areas, it probably raises the prices (and therefore quantity) of new construction and deregulated housing somewhat. Eliminating it might well cut demand (and therefore prices, and construction) because it would instantly make the center city unaffordable to many of the people who make it interesting to live in.