Affordable Housing Property Leads Revitalization of Brooklyn Waterfront
Palmer's Dock, an affordable housing development on Brooklyn's Greenpoint-Williamsburg waterfront, can claim many firsts. It was the first affordable housing property developed in Williamsburg under New York City's Inclusionary Housing Program (IHP). It was the first affordable housing development to receive a loan from the New York City Department of Housing Preservation and Development (HPD) City Council Mixed-Income Initiative. It was one of the first affordable housing developments in the area to welcome residents who found it increasingly difficult to find affordable rents in the waterfront area after New York City rezoned it for residential development.
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