Mayor and City Council celebrate progress in production of affordable housing units since the passage of mandatory affordable rules one year ago. March 22, 2017, marked the one year anniversary of the Mandatory Inclusionary Housing program. The program, which requires developers to include permanently affordable housing whenever a special permit or a rezoning significantly increases the underlying potential residential floor area, has received both praise and chastisement from advocates and Council Members.
Search Results for: Mixed-Use Development
New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>
Developer Withdraws Proposal Following Public Controversy over Affordable Housing
Phipps Houses withdrew its application for its ten-story, Barnett Avenue development following a lack of community support. On September 20, 2016, Phipps Houses, the oldest and largest not-for-profit developer of affordable housing in New York City, withdrew its Barnett Avenue development proposal—the day before its scheduled public hearing in front of the City Council’s Subcommittee on Zoning and Franchises. Phipps Houses had sought a zoning map change and two zoning text amendments to … <Read More>
City Planning Approves New Through-Block Building, Without Affordable Housing
City Planning Commission declined to apply Mandatory Inclusionary Housing to proposed West Side development, despite strong support from community. On August 15, 2016, the City Planning Commission approved a special permit to construct a new mixed-use development located at 38–42 West 18th Street in Midtown Manhattan on the West Side. This proposal is the third development project approved by the City for the site. The first approval was in 2001 and the second in 2008; … <Read More>
Commission Approves Revised Plan for New Tower Integrated with Federal-Era Landmark House
Applicants altered design so that tower’s facade projections would less severely impose on airspace above historic house. On March 8, 2016 the Landmarks Preservation Commission approved an application by Trinity Place Holdings to develop a new tower adjoining, and internally connected with, the individually landmarked Robert and Anne Dickey House at 67 Greenwich Street in Lower Manhattan. On the tower’s south facade, cantilevered stepped projections would penetrate the airspace above the 1810 building. The project … <Read More>
Comptroller Releases Findings of Lost City Revenue in Audit of Department of Finance
The audit report reveals that the misclassification of 140 properties has deprived the City of $1.7 million annually in lost property tax revenue. On February 18, 2016, the Office of the NYC Comptroller publicized the results from its audit of the New York City Department of Finance. The audit sought to investigate whether the Department of Finance had implemented procedures that adequately safeguard against the misclassification of Brooklyn property sites. The Comptroller’s Office and DOF … <Read More>