(DNAINFO) Gwynn Hogan | June 26, 2017 — The neighborhood will get shafted 88 affordable apartments at the massive Rheingold development — four percent fewer than promised — after the builder declined to honor the previous owner’s non-binding agreement with the city.
The news comes as a “disenchanting” resolution to a four-year-long fight waged by community advocates pushing for greater affordability at the sprawling site of the former Rheingold brewery.
The city has no legal recourse to get the Rabsky Group and All Year Management — two developers currently building 1,411 new apartments adjacent complexes — to comply with the 2013 agreement that promised 24 percent affordable apartments at the site, said Louise Carroll, the Associate Commissioner of Housing Incentives at the city’s Department of Housing and Preservation at Wednesday night’s meeting.
Source: Bushwhack Shafted on Affordable Units at Rheingold Brewery Site: Councilman – Bushwhack – DNAinfo New York