Mandatory Inclusionary Zoning

Support the Mayor’s Housing Plan

March 12, 2016 // 0 Comments

BY MIKE LEE Later this month, the New York City Council will make a decision on Mayor Bill de Blasio’s ambitious and innovative housing plan, which he presented in late 2015. A final vote by the City Council is expected by March 22 on the housing package, called the Mandatory Inclusionary Zoning and Zoning for Quality and Affordability. The proposals follow on the heels of other de Blasio policy changes, including a first-ever rent freeze for a million rent-regulated tenants. Also, the mayor intervened to ensure tenant protections in the recent sale of Manhattan’s Peter Cooper Village/Stuyvesant Town apartment complex. The initiative is a clear break from the retrograde policies of previous mayors, and it requires private developers receiving tax breaks and state and federal subsidies to make a quarter of new housing units affordable for working families. Also included in the [More...]