The Register 10 Brooklyn families buy million-dollar homes for about 50% off under city program by The Real Deal
“This is by far the most subsidy I’ve seen on any project,” council member Ben Kallos told the Post; Kallos chairs the city’s subcommittee on planning, dispositions and concessions.
The income range for the qualifying families goes up to $122,070 for a family of three. If the families sell their property in less than 20 years, they will have to reimburse the various government entities for the subsidies.