Two people mentioned in this article, Jamie Wiseman and Jacob Sacks, are actually scumbag Bushwick slumlords who buy up whole blocks and evict the Hispanic families who have been there for 20 years. This is the capital that laid the foundation for their Williamsburg purchases. I can't believe he passes himself off as poor in this article. What a dirtbag.
This is good news. I watched all these buildings start construction over the last couple years and wondered "How the hell do they think all these extra people are going to fit on the train?" The L is already bursting at the seams every morning. Not everyone can be a free-lance web designer working from home.
I think the biggest problem too is that there are no schools in Williamburg worth anything. That is the saviour of places like Park Slope and Carroll Gardens. Williamsburg relied on hipsters with trust funds and d'bags with big time incomes. Unfortunately those two groups are now anxiously wondering what happens when the fund runs out, or when the umemployment expires, or both.
On the bright side, the downturn has also halted a considerable amount of mustache development. . . and cheap, shitty beer is now being drunk unironically.
Created in 1955, the Mitchell-Lama program provides affordable rental and cooperative housing to moderate- and middle-income families.
Mitchell-Lama Building in Manhattan
There are 101 City-sponsored, moderate- and middle-income rental and limited-equity cooperative developments in New York City, almost 46,000 units. HPD supervises waiting lists, management issues, and has other oversight responsibilities for 80 Mitchell-Lama developments; an additional 21 developments have shared supervision by HPD and the Federal Department of Housing and Urban Development.
@if_i_only_had_a_heart: Rent control? In a city and state ruled by our Big Real Estate overlords?
One of the biggest scams in real estate involves developers renting failed properties to the City's Department of Homeless Services at way-above-market rents (such as $2700 a month for a small place in the shittiest part of Crown Heights). So it's actually often in the financial interests of these greed-blind speculators to convert failed condos to housing for the homeless, rather than affordable housing for the lower middle class or working poor. Luckily, the working poor are swiftly swelling the ranks of the homeless, thus becoming eligible for the chrome monstrosities that displaced them. And everybody wins. By losing.
@RealTomatoKetchup: some of the most stable and desirable neighborhoods and developments in the city are anchored by mitchell lama buildings and other developments built for the middle class to, u know, have homes and raise families. the people who are the backbone of a community, the people who are there for generations, and have a stake in the place ... the people that places like hoboken, which used to be like bburg in bars per capita after the manufacturing bust there turned it into hipsterville west, are struggling to attract and keep
the lack of affordable middle class housing for working people and families and the jobs that go with them are the biggest structural weaknesses in the nyc economy. wall st is a gaping black hole now, metaphorically and financially. the 50k support jobs underlying all that are gone now too
if ny is going to be more than a frat house for traders, the city needs housing at all economic levels: for the young and just starting (non trust funded) for the old and independent, for the teachers, cops ... all the people in those kids' books about "my town" ... the butcher, the baker and the candlestick maker.
they all need jobs and homes. and thin crust coal oven pizza with fresh basil too
@Solomon Grundy: that unfortunately is all true and isn't as out of control scam and stealing as it used to be in the days when the martinique in herald square was charging thousands to house the homeless and providing squalid conditions
@if_i_only_had_a_heart: I wasn't trying to say that your idea was without heart or merit. I'm just guessing that "Adjacent to HUD housing!!!" isn't something you're going to start seeing on apartment ads.
To quote Auntie Entity (as played by Tina Turner) in Mad Max Beyond Thunderdome, "...but how the world turns! One day cock of the walk, next, feather duster."
And the place I laid my hat for the first 18 years. Get this: I've actually been to an Ensign fundraiser (not by choice); it was for his first senatorial campaign, and it was at this really shady Vegas contractor's extraordinarily gauche house. I think he wanted it to be kind of like a farm, or something, but that's hard to do when you live fifteen minutes from the strip. Anyway: They had good BBQ! I imagine it's gotten better.
You know this is the guy who was all over Bill Clinton and calling on him to resign after the M. Lewinsky stuff, and same thing with Mr. Wide Stance Larry Craig. So now he will have to call on himself to resign.
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srsly, if those developers made a deal with the city to convert to affordable housing, it would be so full of win
why not add these doomed buildings to the list of affordable units?
http://www.nyc.gov/html/hpd/html/apartment/mitchell-lama.shtml
What is Mitchell-Lama?
Created in 1955, the Mitchell-Lama program provides affordable rental and cooperative housing to moderate- and middle-income families.
Mitchell-Lama Building in Manhattan
There are 101 City-sponsored, moderate- and middle-income rental and limited-equity cooperative developments in New York City, almost 46,000 units. HPD supervises waiting lists, management issues, and has other oversight responsibilities for 80 Mitchell-Lama developments; an additional 21 developments have shared supervision by HPD and the Federal Department of Housing and Urban Development.
07/13/09
07/13/09
07/13/09
One of the biggest scams in real estate involves developers renting failed properties to the City's Department of Homeless Services at way-above-market rents (such as $2700 a month for a small place in the shittiest part of Crown Heights). So it's actually often in the financial interests of these greed-blind speculators to convert failed condos to housing for the homeless, rather than affordable housing for the lower middle class or working poor. Luckily, the working poor are swiftly swelling the ranks of the homeless, thus becoming eligible for the chrome monstrosities that displaced them. And everybody wins. By losing.
07/13/09
12 oz beer
juice of 1 lemons
2 dashes Worcestershire sauce
1 dash soy sauce
1 dash Tabasco® sauce
1 pinch black peppers
salt
07/13/09
07/13/09
07/13/09
the lack of affordable middle class housing for working people and families and the jobs that go with them are the biggest structural weaknesses in the nyc economy. wall st is a gaping black hole now, metaphorically and financially. the 50k support jobs underlying all that are gone now too
if ny is going to be more than a frat house for traders, the city needs housing at all economic levels: for the young and just starting (non trust funded) for the old and independent, for the teachers, cops ... all the people in those kids' books about "my town" ... the butcher, the baker and the candlestick maker.
they all need jobs and homes. and thin crust coal oven pizza with fresh basil too
07/13/09
better housing for more people = better nyc
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12/31/08
this is how I picture Bush by the end of January:
12/31/08