At AY CDC meeting, state finally provides more info on project's affordable housing record, but it doesn't stress the middle-income skew. What about 2025 fines?
This is the second of three articles about the Atlantic Yards Community Development Corporation (AY CDC) meeting March 26. The first concerned the project's murky future. How much affordable housing"--better-termed "income-linked" or "income-targeted"--has been delivered in Atlantic Yards/Pacific Park? We know there are 1,374 below-market apartments, among 3,212 total units, but who do they serve? Anna Pycior, Senior Vice President, Community Relations at the parent Empire State Development (ESD), provided an update, as requested previously by AY CDC directors. The information was more extensive than presented by ESD previously, but it still didn't go far enough to point out how much the below-market "affordable" units serve middle-income households. Nor did it fully explain how the configuration diverges from that promised in the 2005 Housing Memorandum of Understanding (MOU)--non-binding but much promoted--that original developer Forest