New York City faces a severe housing crisis, exacerbated by potential cuts to federal housing subsidies. The Economic Development Corporation (EDC) is essential for swiftly developing affordable housing at significant public sites, like the Brooklyn Marine Terminal. EDC has previously succeeded in providing thousands of affordable units across various neighborhoods. They now aim to modernize the terminal, which could include 8,000 new housing units, 35% of which would be permanently affordable. Community support is strong, demonstrating the importance of local engagement in housing initiatives.
New York City has a crushing housing shortage and must utilize effective organizations like EDC to deliver affordable housing without lengthy delays.
EDC has previously completed successful projects, delivering affordable units in various neighborhoods and is now focused on revitalizing the Brooklyn Marine Terminal.
The vision for the Brooklyn Marine Terminal includes 8,000 housing units, with 35% permanently affordable, alongside public parks and improved transit options.
Community engagement is crucial, as shown by EDC's outreach efforts with over 3,000 residents, resulting in endorsements from key local leaders for the project.
#affordable-housing #brooklyn-marine-terminal #economic-development-corporation #housing-crisis #community-engagement
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