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New Year's Eve — Brooklynian

New Year's Eve

prospectus
prospectus
edited November -1 in Prospect Heights

Subject: New Year's Eve

I just heard that on the afternoon of New Year's Eve a guy came out of the bodega building at Lincoln and Washington carrying a "really big gun" after there was a lot of screaming going on in the building. The cops came about three minutes later and investigated. The next day there was an R.I.P. sign in on the building, though the 77th precinct community affairs officer say that no one got shot that night.

But I also heard that the building is going coop, and the residents are already in charge of hiring contractors, collecting rent/maintenance, etc., with some HPD money to help with basic repairs. They are getting home ownership training to buy their apartments. After the unit is sold to the resident, it can only sell to buyers that earn up to $66,000 a year (for a single person household, more for bigger households). I heard that from HPD, and it seems like a really progressive great idea. HPD says that if a resident does anything like get convicted of a crime, they miss their chance to buy.

So what's the deal with this place? Really scary, crime-infested mess or a model program?

Comments

  • lydiabrunch
    lydiabrunch
    I saw a listing for an apartment that seemed to be operating under a similar agreement a few months ago in Crown Heights. It sounds like a pretty awesome program to me, though I'd love to know more details. For instance - for how long does that $66,000 ceiling hold? That income level will likely mean something very different in ten years.
  • prospectus
    prospectus

    Subject: How long?

    I don't know how long the deed restriction lasts -- it may be permanent. I do know that the income restriction increases with the average income in New York City. It's set at 125 percent of the area median income for most units with some apartments at 165 percent. The average income is now at about $50,000 for a one-person household and at about $70,000 for a four-person family.
  • bkck
    bkck
    I live on that block (Lincoln bet Underhill/Washington) a couple doors down and have always felt uneasy about that building and the fenced area behind it. Would be curious to hear anything else that anybody else knows about it.

    From what I know of HDFC buildings (I'm assuming this is similar/same) this would be a good step towards cleaning it up.
  • jdawg
    jdawg
    Yeah that lot behind that bodega on Lincoln seems a little sketchy, but I think it's more just an eye-sore...However, there is an RIP sign there...Hmm...

    Hey Prospectus - where did you hear that that building above the bodega is going co-op? That's interesting...I think it's a great program for the residents there, if they can manage the building well...
  • prospectus
    prospectus

    Subject: My secret source

    Hey Prospectus - where did you hear that that building above the bodega is going co-op? That's interesting...I think it's a great program for the residents there, if they can manage the building well...
    I think it's a good program too, and I hope it works out for the residents. To answer your question, I called HPD after some blogger mentioned the building was HPD-owned.

    In case you're interested, here's a link to HPD's description of the program:

    http://www.nyc.gov/html/hpd/html/developers/til.shtml
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