Geoffrey Thomas @ldpreload.com · Nov 22 The Arrow Linen project received lots of comment. Some opponents testified saying, rents are too high and this should be a 100% affordable building, with no market rate units. What that position means—whether they intend this meaning or not—is "This lot should sit empty, like 431 Concord."
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Later in that video the Bronx site applicant says they have no subsidies for the rent-capped units, because the process of applying for subsidies is slow and the funding scarce. The rent-capped units mandated by zoning code are effectively subsidized by profits from the market-rate ones.