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Brooklyn Housing Affordability Adjusted | Real Estate News
Developer Eli Pariente quietly scaled back affordability targets for two major Brooklyn housing projects—from 35% to 25%—due to soaring interest rates starting in March 2022, making financial viability impossible under the original plan. Though Councilmember Crystal Hudson had pushed for higher affordability, she didn’t publicly announce the change, likely to avoid backlash after previously advocating for more than the minimum. The revised plan now includes 517 units total, with 130 affordable, ensuring progress on housing needs despite market pressures. Listen in comfort:Get a discount on a…
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