The landmarking of historic neighborhoods in the city could inhibit the creation of affordable housing and spur “unforeseen barriers,” according to a new Real Estate Board of New York study.
The Landmarks Preservation Commission has expensive requirements for the development of housing in a historic district, the study said. Between 2003 and 2012, historic districts in Queens, Brooklyn and Staten Island saw no new affordable housing constructed. About 100 of the 35,000 affordable housing units built then were located in landmarked districts. [more]