De Blasio administration: affordable housing “mandatory”

The statement is the city’s most forceful position yet on affordable housing

New York /
Sep.September 06, 2014 04:00 PM

The de Blasio administration has issued its most forceful stance yet on affordable housing, declaring that affordable units will be a requirement for any future real estate project requiring a zoning change. The mandate will apply to both neighborhood-wide redevelopments and individual projects, according to the New York Times.

“You can’t build one unit unless you build your share of affordable housing,” Carl Weisbrod, chairman of the City Planning Commission, told a packed room of landlords, planners and investors at a New York Law School breakfast on Friday. “You can’t build just market-rate housing, period.”

Weisbrod’s comments are the clearest glimpse yet of what the city’s plan to create or preserve 200,000 affordable units in the next decade will mean in practice.

“There will be a minimum that the developer has to do without subsidy,” Weisbrod said, noting that affordable units would be a baseline requirement for new projects that require a zoning change. “It’s mandatory.” [NYT] Christopher Cameron


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
Mayor Bill de Blasio (Getty)
City rent board missing landlord rep ahead of preliminary vote
City rent board missing landlord rep ahead of preliminary vote
Mayor Bill de Blasio (Getty, iStock)
Lawsuit seeks to halt Soho rezoning
Lawsuit seeks to halt Soho rezoning
The Plaza Hotel, St. Regis Hotel, and Waldorf Astoria (iStock)
Outlook for hotels improves — from awful to merely bad
Outlook for hotels improves — from awful to merely bad
(iStock)
Landlords seek up to 5% rent hike on stabilized apartments
Landlords seek up to 5% rent hike on stabilized apartments
Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty)
De Blasio and Cuomo clash over reopening the city
De Blasio and Cuomo clash over reopening the city
Andrew Yang (Getty)
Does Andrew Yang’s housing plan make sense?
Does Andrew Yang’s housing plan make sense?
arrow_forward_ios

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

Loading...