2,200 new homes headed to East New York
Mayor Bloomberg broke ground on Thursday for a residential development
in East New York that will eventually house up to 7,000 people. The
2,200 affordable homes will be a part of the Nehemiah Spring Creek
Houses at Gateway Estates, a mixed-use project unfolding over 227 acres
in the Brooklyn neighborhood.
The project will include a 625,000-square-foot retail center, a public
school, and more than 100 housing units for senior citizens. Sales
prices for the new single-family homes are expected to start at
$158,300, and the first homes are expected to be finished by the end of
2007.
The city plans to provide direct housing subsidies of $46,000 for each
of the homes, as well as $30 million in infrastructure costs for the
mixed-use project as a whole
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