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City to seek land transfer for 85 new below-market-rate rentals in Bedford-Stuyvesant

The city wants to transfer three vacant lots in Bedford-Stuyvesant to a pair of development firms to build 85-units worth of deeply affordable housing, which reps for the builders claim will benefit existing residents of the rapidly gentrifying neighborhood.  “We all know the real big issue is that the market-rate housing that’s sort of exploded on us has brought a lot of folks in and we’ve seen a lot of Bed-Stuy residents depart,” Gordon Bell, an executive at the Bedford Stuyvesant Restoration Corporation, told members of Community Board…