If you're on a budget and looking to move (or stay) into three of Brooklyn's hottest neighborhoods-- Greenpoint, Prospect Heights, and Downtown Brooklyn-- then you're most definitely in luck. 

As part of Mayor de Blasio's plan to construct or preserve 200,000 affordable housing units over the next 10 years, 6,915 are approved for 2015 in Brooklyn.

The above mentioned hot spots, "will be home to about 75% of the 3,069 newly constructed affordable Brooklyn units that the city's department of Housing Preservation and Development approved in the 2015 fiscal year.

An additional 3,846 affordable apartments in the borough were created by preservation."

It's easy to understand a City plan to build affordable housing, but "preserving" it is a bit of a different story. While some may be prone to predict any amount of corruption and shadiness around any city building project, it's much harder to assume foul play in the preservation effort.

[anad]

The City is apparently rabid about keeping already existing affordable housing in that category by offering tax exemption and paying for physical work the buildings need-- in exchange for keeping the affordable rent where it is. As well it should be!

So what's "affordable" in New York City? Our rents are out of control as it is, right? Well, it all boils down to this.

image

via Brownstoner

"For example, a family of four making less than $43,150 a year-- 50% the AMI-- can apply for a four-bedroom apartment with gas and electricity included that rents for $1,252."

Not bad, as far as we're concerned. Of course, this recent momentum in affordable housing is a result of the growing development around NYC, and it's important they happen simultaneously. 

Otherwise, it's likely that luxury overdevelopment would mostly choke out affordability. What would we be left with then? 

A whole lotta Tribeca-esque rents, that's what!

Check out This New Rent Map Shows the Cheapest and Priciest 'Hoods in Manhattan & Brooklyn

[via amNY]

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