Progressive groups are calling on Mayor Bill de Blasio to create more affordable housing in Brooklyn after only five of 61 buildings built in the borough from 2008 to 2012 that will receive tax breaks included below-market-rate apartments, reported the Daily News.
According to a report from the Real Affordability for All Campaign, the city provided $158 million in tax breaks to entice developers to build in the fast-growing borough. However only 6 percent of the 4,395 units created were affordable for lower- or moderate-income households, the study shows.
As rents have skyrocketed in the neighborhoods of Fort Greene, Crown Heights, Bedford-Stuyvesant, black and Hispanic populations have taken a dive over the past 10 years, according to the report.
The study recommends that at least 50 percent of new residential developments should targeted to low-income households.
Steven Spinola, president of the Real Estate Board of New York, called the the study “flawed” and said it wouldn’t be possible to create 50 percent affordable units in every new development.
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