Los Planes para el Nuevo Domino Establecen el Objetivo del 30% de Unidades de Viviendas Económicas en la Comunidad con Ingresos Mixtos en el Área que Bordea el Río en Williamsburg, Brooklyn
Anterior Sitio Industrial Reflejará la Diversidad Económica y Cultural de la Ciudad y Preservará la Arquitectura Histórica en Williamsburg
Affordable Housing
IN THE PAST SEVERAL YEARS New York City’s population has grown rapidly, and with it the need for new housing. The housing shortage in New York is estimated to be several hundred thousand units and this scarcity has compounded the chronic lack of affordable housing in the city. CPC and CPCR have been active leaders in addressing this crisis.
The New Domino is a unique opportunity to bring urgently-needed affordable housing to the Williamsburg community. Moreover, we will provide more affordable housing than what current zoning requires at waterfront sites.
At The New Domino, we intend to develop 660 units - a full 30% of the total - as affordable housing, a majority of which will be for low and very-low income households.
The average annual income for a family of four in Williamsburg’s Southside is approximately $35,000 – half of the City’s median income. Of the 660 affordable housing apartments at the site:
- approximately 15% will be rental housing for households with incomes at or below 30% of AMI (approximately 100 apartments for families of four earning up to $23,040 ;
- approximately 50% will be rental housing for households with incomes at or below 60% of AMI (approximately 310 apartments for families of four earning up to $46,080);
- approximately 15% will be rental housing for seniors with incomes up to 50% of AMI (approximately 100 apartments for seniors); and
- approximately 20% will be homeownership units at New York City Housing Partnership Program affordability levels which are currently set at 130% AMI (approximately 150 units for families of four making up to $99,840).
The affordable housing units at The New Domino will be located on both the waterfront and upland parcels.
CPC's and CPCR’s top priority has been and will continue to be to preserve, improve and expand the affordable housing stock in New York.
APPLICATIONS
Applications for affordable apartments in The New Domino are not yet available. Once government approvals are received and construction begins, applications for affordable apartments will be made available through a selection process administered by the New York City Department of Housing Preservation and Development. Fifty percent of the affordable apartments at The New Domino will be set aside for current Williamsburg and Greenpoint residents (residents of Community Board 1 in Brooklyn). The other 50% will be available to these same local residents as well as to other New York City residents.
