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Developers at Bushwick’s Rheingold Site Are Limiting Affordable Housing Options

News is emerging that the original agreement between city council and Read Property Group won't be honored.

Developers at Bushwick’s Rheingold Site Are Limiting Affordable Housing Options

Developers at Bushwick’s Rheingold Site Are Limiting Affordable Housing Options

News is emerging that the original agreement between city council and Read Property Group won't be honored.

Developers at Bushwick’s Rheingold Site Are Limiting Affordable Housing Options
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Met FreshMet Fresh

Well, Bushwick, as we all expected, the unofficial agreement signed by Read Property Group to offer a total of 30 percent affordable housing across all buildings in the giant Rheingold Brewery development will not be honored by the two companies that bought the site shortly after it was rezoned.

DNAinfo reports that All Year Management and the Rabsky Group have cut 88 affordable apartments from the 1,411 mega-development. Louise Carroll, the Associate Commissioner of Housing Incentives at the city’s…

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