East New York rezoning could displace 50,000 people: Stringer

City comptroller criticizes affordability requirement in current plan

TRD New York /
Dec.December 03, 2015 01:06 PM

The de Blasio administration’s plan to rezone East New York and create or preserve thousands of new affordable housing units may actually displace as many as 50,000 residents, according to City Comptroller Scott Stringer.

In a statement released Tuesday, Stringer claimed that the new affordable housing units created under the rezoning plan would in fact be unaffordable for 55 percent of East New York’s current residents, and that the market rate units would be unaffordable for 84 percent. A three-person household would need to make $46,620 annually to qualify for affordable units. The current median area income, however, is just $32,815.

Stringer’s analysis of the administration’s rezoning plan found that the number of housing units in East New York would increase by 6,312 apartments, a 51 percent jump. By the city’s metric, the proposal would produce 3,447 affordable housing units, largely through mandatory inclusionary zoning and subsidies. However, only about half of those units — 1,724 — would actually be affordable to current East New York residents, Stringer said.

“Instead of strengthening the affordability of this community, the proposed rezoning would instead serve as an engine for displacement,” Stringer wrote, adding that the plan falls “woefully short” of protecting the 49,266 tenants currently living in unprotected units in East New York.

The de Blasio administration disputed Stringer’s report, telling the New York Daily News that hundreds of apartments will be priced for people making $23,350 per year.

Stringer’s analysis is bound to add fire to the already heated debate over the de Blasio’s administration rezoning plans. On Tuesday, the Brooklyn borough board rejected the plans, following similar decisions from boards in Manhattan, Queens and the Bronx. The plan would require residential developers in rezoned neighborhoods to set aside a fixed portion of units as affordable. – Konrad Putzier

Related Articles

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

205 Park Avenue (Credit: Google Maps)

Developer files plans for mixed-use project facing BQE

Inwood has stayed affordable for a remarkably long time. That could soon change. (Credit: Wikipedia)

Inwood braces for gentrification

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Concept plans for 'The Halo' at 289-301 Washington Street and Meridian Capital Investment's David Schechtman - provided by Meridian Capital Investments/ Minno Wasko

Developer seeks $40M for Opportunity Zone site in downtown Newark

Amazon mulls new grocery chain, Douglas Elliman’s new marketing boss: Daily digest

Amazon mulls new grocery chain, Douglas Elliman’s new marketing boss: Daily digest

From left: Michael Bennett, Joe Biden, Pete Buttigieg, Kirsten Gillibrand and Kamala Harris (Credit: Getty Images)

Presidential debate 2020 Night 2: Here’s where these Democratic candidates stand on housing

Mayor Bill de Blasio and Rikers Island (Credit: Getty Images)

Real estate development not coming to Rikers Island, mayor says