Tax shelter. via Flickr user Elizabeth Nolan Brown Old school vs. new school gentrifiers was a fight that was bound to come up at some point in neighborhoods like Bushwick, and according to a New York Post story, that fight is here. People who have lived in Bushwick for all of a few years are throwing around terms like “adult playground” and “subsidized by their parents” to describe the people moving into CastleBraid, an artist-friendly luxury building on Troutman Street. Which is funny, of course. What isn’t funny is a CastleBraid partner telling the Post that the building got an affordable housing tax abatement, but won’t be supplying affordable housing. Mayer Schwartz, responding to demands from the group Occupy Bushwick that CastleBraid provide 20 percent of its units as affordable housing, told the Post that while the building got an affordable housing tax abatement, they broke ground before a rule change required them to actually… Read More
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