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Park Slope Housing Stalled by Economics | Real Estate News
Published 1 month ago
Description
A stalled $250-million housing project in Park Slope, Brooklyn, is caught in a perfect storm of idealism, economics, and politics—delayed for 17 months despite greenlighting, with affordable units, childcare, and domestic violence support baked in, but now facing soaring interest rates, global inflation, and tough financing hurdles that threaten to keep 250 much-needed homes from ever rising.
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