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Lindsay Park is a housing cooperative located in the East Williamsburg neighborhood of Brooklyn in New York City. The cooperative is part of the Mitchell-Lama Housing Program, through which the state of New York grants it tax exemptions to maintain affordability. [1] With 2702 units, it is the largest Mitchell-Lama co-op in Brooklyn.
In 2006 and 2007, the buildings were converted to affordable apartments for residents 55 years old or more. [4] The complex was added as a single listing on the National Register of Historic Places in 2009 and recognized as a contributing property to the Schoolfield Historic District in 2020.
More than 500 apartments were approved in the three-year period following 1997; soon afterward, an area near Williamsburg's border with Bedford–Stuyvesant was re-zoned for affordable housing. [78] By 1997, there were about 7,000 Hasidic families in Williamsburg, almost a third of whom took public assistance. [ 79 ]
In practice, these policies involve placing deed restrictions on 10–30% of new houses or apartments in order to make the cost of the housing affordable to lower-income households. The mix of " affordable housing " and "market-rate" housing in the same neighborhood is seen as beneficial by city planners and sociologists. [ 3 ]
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The upper floors of the former office building were converted into 70 affordable mixed-income apartments. The street level storefronts, comprising 13,000 square feet (1,200 m 2 ) were also restored. About 80 percent of the apartments at the center are rented to those with incomes below 60 percent of the area's median income.