[Two Trees] will provide an additional 110,000 square feet of affordable housing as part of the project, for a total of 537,000 square feet of affordable housing. The proposal will create 700 affordable apartments covering a range of incomes, including a significant number of units sized for families. Affordable apartments will be integrated throughout the complex, ensuring a dynamic mixed-income community. Unlike prior proposals, all of those units will be permanently affordable. Work on the first building will begin in December 2014.
This is, of course, great news. Especially since The Times and the Daily News have shaped the debate in a way that frames de Blasio’s actions as grandstanding or too aggressive. The latter said de Blasio would likely “doom” the Domino project with his “hellbent” scheme to boost affordable housing. [Read more...]