NYC Mayor de Blasio unveils proposal for 200,000 units of affordable housing

CurbedNY almost calls the plan pro-development, saying de Blasio’s plan contains things that “certainly sound like things the real estate industry can get behind.” Per Curbed:

The plan outlines how the administration plans to create 200,000 units of affordable housing. Of those, 80,000 will be new units, 120,000 will be preserved, and they will target a range of incomes, from extremely low (under $25,150 for a family of four) to middle-class. The plan also details new planning initiatives and zoning changes that will help make these affordable units a reality.

The plan also includes two new programs to spur development of vacant sites: the Neighborhood Construction Program (NCP) and the New Infill Homeownership Opportunities Program.

Meanwhile, DNAinfo points out:

At the core of the neighborhood-level aspect of the plan will be mandatory inclusionary zoning, which will require developers to provide agreed-upon levels of affordability in rezoned areas, though officials said those levels will vary from project to project.

City Planning chairman Carl Weisbrod said the city is looking at about a dozen neighborhoods to target for rezoning. One of those will be East New York in Brooklyn, where the city will look to create new mixed-income housing and mixed-use development along transit corridors like Atlantic and Pitkin avenues.

Sources: Curbed, DNAinfo


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