Quinn pushes for more affordable housing in Related's West Side Rail Yards proposal
November 24, 2009 02:30PM
City Council Speaker Christine Quinn and a rendering of the West Side Rail Yards complex
The Related Companies' West Side Rail Yards complex is going to need more affordable housing units if its $15 billion plan is to gain City Council approval, Speaker Christine Quinn said at a hearing on zoning changes for the site yesterday. Related has proposed 5,000 housing units, in addition to office towers, hotels, shops and parks on the 13-acre, Metropolitan Transportation Authority-owned land that lies between 10th and 12th avenues and 30th and 33rd streets. The company has said 8 percent of the housing units it builds there would be affordable. [Post]
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Comments
Anonymous
In this market with declining prices, just get the project started. As more units hit the market, prices will decline due to market forces. As long as she doesn't get to put her friends into those apartments it is a great idea, however this is a political city, so everyone get their shovels out. Remember the city never checked the old 80-20 plan to make sure landlords had complied with the law of supplying 20 percent of new projects for low and middle income families without discrimination. Turns out the landlords never met the requirements, so they can promise anything she wants, and most likely never get investigated by the Attorney General's office after the buildings are finished.
Comment #1 Posted By: Anonymous 11/24/09
Anonymous
Since when the 20% affordable housing on site rule does not apply. It is misleading to say that landlords never met requirements. Related has to provide more affordable housing, because NYC needs more affordable housing...
Comment #2 Posted By: Anonymous 11/24/09
Anonymous
Let's get affordable housing for everyone, not just people who make below $28,000. New Yorkers with families who make up to $150,000 need affordable housing too. That way, not all of us will have to move to Texas, Arizona, or Nevada.
Comment #3 Posted By: Anonymous 11/24/09
Anonymous
quinn is a joke. she is controlled by bloomberg and bloomberg doesn't want any affordable housing because he thinks nyc should be a city of only rich people. they're both creeps.
Comment #4 Posted By: Anonymous 11/24/09
Anonymous
yes 4, she is a joke. but you are a moron if you think bloomberg is only for rich people. stupid left winger
Comment #5 Posted By: Anonymous 11/24/09
Anonymous
if you can't afford it, dont ask the taxpayers to subsidize your Manhattan apartment. Sorry liberals - plenty of affordable housing in this country and yes, even in New york city (1 million units for the poors)
Comment #6 Posted By: Anonymous 11/24/09
Anonymous
Affordable housing mandate is a development tax. Unfortunately it is "fixed" and when property/rental values decline the burden becomes too great. When office space is worth $1000 per square foot then $100 development tax works; when office space is worth $400 per square foot it kills the projects. This is a rising market/top of the market social funding strategy
Comment #7 Posted By: Anonymous 11/25/09