Gowanus, Brooklyn Residential Project will be 100% affordable


Rendering via Marvel Architects by Gowanus Green and HPD Commissioner Louise Carroll

Rendering via Marvel Architects by Gowanus Green and HPD Commissioner Louise Carroll

Gowanus Green, a large residential complex planned for the Brooklyn industrial district, will be fully affordable.

The de Blasio report said on Thursday that 950 housing units of the complex would be below market rates, Crain said. Previously, approximately 26 percent of its units were reserved as a market rate.

“Given the declining supply of urban land, especially in high-opportunity neighborhoods such as Gowanus, the city has decided to maximize the amount of housing available that we can create on this large site,” said Louise Carroll, Commissioner of the Housing Protection and Development Department.

Carroll told Crain’s that the project was in the works Gowanus has been the anchor for resonance for more than ten years.

Gowanus Green, located on Smith and Fifth Street near the Gowanus Canal, is the preferred housing for those considered low- and very-low-income, or with an annual income of approximately $ 3,200 for a family of three. No more than 40 percent of its units will be for households that earn $ 81,920 to $ 122,880 a year for a family of three. In addition, 15 percent of its troops have booked for the formerly homeless, the city said.

The wider Gowanus rezoning could create 5,000 new units of market housing and 3,000 new units of affordable housing, providing homes for an estimated 20,000 new residents.

The city is limited in what it can promise as a result of resonant projects like the one proposed in Gowanus, because private developers ultimately decide what is economical. However, Gowanus Green will grow on city-owned land, giving de Blasi’s administration more authority over what can be built.

In addition to 950 apartments, Gowanus Green is to bring the neighborhood a number of benefits to the community, including a public school, park, community space and retail.

[Crain’s] – Orion Jones

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