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Pacific Park’s Affordable Housing Crisis | Real Estate News
Pacific Park’s long-delayed megaproject is under fire as community leaders question its funding and affordability promises—despite over 4,600 units planned, fewer deeply affordable homes than promised two decades ago. With $700M in state funds already committed and $175M still unsecured, officials scramble to avoid past defaults and developer lock-ins. Meanwhile, Mayor Mamdani waits for federal security clearance, Governor Hochul rolls out energy rebates starting Sept 21, a judge blocks Brooklyn’s Democratic boss from retaining power, and mayors sue to block new federal immigration rules that…
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