The Daily Dirt: One45’s subsidy question

What lies in store for One45 in Central Harlem?

I wouldn’t call One45’s situation typical, however. A previous version was abandoned in 2022 amid Council opposition. The site briefly became a truck depot. With a new City Council member and a newly-approved tax break in place, the developer revived the project last year.

Which brings us to the two versions of One45: The project currently being considered by the Council is 968 apartments, of which 291 would be affordable. During a Tuesday hearing on the project, Council member Yusef Salaam said, “291 affordable units is definitely too low.”

Developer Bruce Teitelbaum signed a memorandum of understanding in February, pledging to “work in good faith with the relevant agencies and nonprofit development partners to deepen the affordability provided by the project.” Namely, by increasing the number of affordable housing units to 591. If that project is pursued, one of the buildings would be 100 percent affordable and operated by nonprofits Concern Housing and West Harlem Group Assistance…

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