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Racial And Ethnic Distribution Of The Community District 17 And The New York City Department Of City Planning Community

Decent Essays

According to U.S. Census Bureau (2013), data East Flatbush has predominantly African American residents. The population estimates of the racial and ethnic distribution as noted by the U.S. Census 2013 estimates is 7.4% Hispanic; 3% Asian; 0.2% White; 3.1% some other race and .5% Native Hawaiian or Pacific Islander.
Housing Types, Availability, Condition and Cost
According Furman Center for Real Estate and Urban Policy (2014), the housing stock in Community District 17 was built between the 1950’s and mid 2000’s. Land use in as specified by the New York City Department of City Planning Community (2014) district profile highlights that 44.7% of the housing stock is made up of 1-2 family residents. Multifamily residents account for 24.2%, …show more content…

The median home sales price was between $348,000 and $1,100,000. These numbers include distressed and non-distressed properties. Additionally, 1607 homes were at some stage in the foreclosure process. Current home values are as follows: 503 homes were valued between $50,000 and $200,000; 873 between $200,000 and $300,000; 6,954, $300,000 and $500,000 and 2,418, over $500,000. Median housing price is reported at $425,600 (U.S.Census, 2010).
Cost of Living
Manhattan and Brooklyn continue to be the areas with the nation’s highest cost of living rates, and Queens’s ranks fifth while Greater New York tops the Council for Community and Economic Research’s quarterly index. Brooklyn is 86% more expensive than the nation’s average an increase of 81% from last year (Rutkoff, 2011).
Political, Social and Economic Issues Like many other urban neighborhoods Flatbush has its fair share of political, social and economic issues. The latest political and economic dilemma is the City’s decision to hand over a local neighborhood market to developers says (Olivier 2015). Developers will used this prime real-estate to build a 10 story building that will provide both at market and below market rental units. The development will provide ½ of its units to individuals and families earning 130% of the area median income which is equivalent to $ 100,000. Thirty percent will go to individuals earning $ 77,500 and 20 % those earning $46,500. The development

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