By Sabina Mollot
Sunday, August 10 marked the end to a 60-day deadline that CWCapital had given to the Tenants Association, the mayor’s office and local elected officials to come up with a plan aimed at keeping ST/PCV apartments affordable (that is, the ones that are still affordable — around 6,000). However, according to a spokesperson for the mayor’s office and Council Member Dan Garodnick, all parties have agreed more time is needed.
“We’ve had productive conversations with CWCapital about protecting affordability at Stuy Town and Peter Cooper Village,” said Wiley Norvell, a spokesperson for Mayor Bill de Blasio. “And all parties have agreed it’s in the best interests of the city, the tenants and CW Capital to continue those talks in the months ahead before any action is taken.”
In July, the mayor joined local politicians and Tenants Association leaders for a coffee klatch at Garodnick’s apartment, which was aimed at discussing proposals that would interest CW. One possibility has been using tax incentives to preserve affordability. The TA discussed its condo conversion plan, and later said the mayor was open to the idea, though he ideally would prefer the apartments kept as affordable rentals.
Following the deadline, Garodnick said, “The conversation has started but certainly not ended.” The time is needed to “get into greater detail about ways to protect longterm affordability.”
This post will be updated if CWCapital responds to a request for comment.