The report predicts that almost 50,000 residents of the affected Brooklyn neighborhoods would be priced out of neighborhood. On December 3, 2015, Comptroller Scott M. Stringer issued a report—Mandatory Inclusionary Housing and the East New York Rezoning: An Analysis—on the proposed East New York rezoning plan’s effect on housing affordability in the East New York and Cypress Hills neighborhoods of Brooklyn. The report claims while supply of housing units in the rezoned areas … <Read More>
affordable housing
Community Boards: For Affordable Housing But Against Administration’s Solutions – What’s Going On?
The results are in, and two of the de Blasio administration’s key land use initiatives, Zoning for Quality and Affordability and Mandatory Inclusionary Housing, are not receiving a welcome reception at community boards and borough boards.
In fact, as of this writing, according to CityLand’s vote tracker of the city’s 59 community boards, 45 have voted to oppose Zoning for Quality and Affordability and 38 have voted to oppose Mandatory Inclusionary Housing. Four of the … <Read More>
Legislation Proposed For Online List of All Affordable Apartments
Bill would require all landlords of affordable apartments to publicly list their properties through the portal. At the City Council stated meeting on Monday, December 7, 2015 Council Member Ben Kallos introduced Intro 1015, a proposed law that would require property owners that receive tax credits in exchange for building affordable housing units to publicly list those units in an online portal. The bill is co-sponsored by Council Members Jumaane Williams and Rosie … <Read More>
Zoning for Quality and Affordability Program Sent to Community Boards for Public Review
The program would amend generation-old zoning regulations to encourage construction of efficient mixed-use buildings and affordable senior housing. On September 21, 2015, the City Planning Commission issued a press release revealing two of the major programs to be implemented under Mayor Bill de Blasio’s Housing New York plan. The programs, which are currently making their way through the Uniform Land Use Review Procedure process, are the Mandatory Inclusionary Housing Program and the Zoning for Quality … <Read More>
Mandatory Inclusionary Housing Program Sent to Community Boards for Public Review
The program would be the strongest inclusionary housing requirement in the nation. On September 18, 2015, the City Planning Commission initiated public review of the Department of City Planning’s application for the Mandatory Inclusionary Housing program, which is one of the major programs to be implemented under Mayor Bill de Blasio’s Housing New York plan. The Mandatory Inclusionary Housing program would require, rather than incentivize, residential developers to reserve a portion of newly-created housing units … <Read More>
Center for NYC Neighborhoods Hosts Panel on Affordable Homeownership
The keynote panel focused on the issues and challenges raised by affordable housing creation and preservation in New York City. On September 30, 2015, the Center for NYC Neighborhoods held its conference on the Future of Affordable Homeownership in NYC. The event was hosted at New York Law School and sponsored by NYLS, JPMorgan Chase, Goldman Sachs, the Center for Real Estate Studies, the Center for New York City Law, and several other … <Read More>