Mayoral candidates duke it out over affordable housing

New York /
Oct.October 16, 2013 03:34 PM

In the first mayoral debate, candidates Bill de Blasio and Joseph Lhota squared off over the question of whether the inclusion of affordable housing should be mandatory for developers.

De Blasio said he would require the creation of affordable housing, while Lhota attacked the mandatory inclusionary zoning policy as unconstitutional.

“Mr. Lhota’s assessment is the wrong assessment,” de Blasio said. “It’s legal, it’s appropriate. It’s simply the government of New York City saying to developers, ‘If you want the right to make a very tidy profit on land that we’re going to open up for development that you didn’t have access to before — you couldn’t build as high on — we’re demanding affordable housing back in the name of the people.”

Lhota, for his part, said he would also require affordable housing as part of any rezoning agreement, but that he would exclude as-of-right developments that already met current zoning codes.

Some industry insiders told Crain’s that the tit for tat over specific language represented little real change from the Bloomberg administration’s current approach to affordable housing.

“I can’t think of a single residential rezoning under this current administration that didn’t set aside affordable housing as part of the deal,” one unnamed real estate source told Crain’s. “Whether or not it was ‘required’ is really just semantics.” [Crain’s]Julie Strickland


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
BFC Partners managing principal Donald Capoccia and renderings of 1607 Surf Avenue on Coney Island (BFCNYC)
BFC breaks ground on next phase of Coney Island affordable project
BFC breaks ground on next phase of Coney Island affordable project
Goldman Sachs CEO David Solomon and National Affordable Housing Trust CEO Lori Little (Getty, National Affordable Housing Trust, iStock)
Goldman Sachs to launch fund supporting Black affordable developers
Goldman Sachs to launch fund supporting Black affordable developers
From left: Kristen Gilibrand, U.S. senator for New York; Ritchie John Torres, U.S. representative for New York's 15th congressional district (Getty Images)
Lawmakers push for heat sensor mandate in wake of Bronx fire
Lawmakers push for heat sensor mandate in wake of Bronx fire
From left: Joseph Riever and Christopher Marte (Elizabeth Street Garden, New York City Campaign Finance Board)
After 10-year saga, judge’s delay keeps senior housing unbuilt
After 10-year saga, judge’s delay keeps senior housing unbuilt
East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
East Hampton Town officials vow affordable housing action
East Hampton Town officials vow affordable housing action
Donald Capoccia, managing principal, BFC Partners along with a rendering of 475 Bay Street in Stapleton, Staten Island (BFC Partners/Photo Illustration by Steven Dilakian for The Real Deal)
BFC Partners closes on Staten Island dev site
BFC Partners closes on Staten Island dev site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...