Enacted in 2008, a partial rezone of Manhattan's East Village and Lower East Side failed to deliver on affordable housing projections, falling short by 45 percent.
According to a report by the Cooper Square Committee, Caroline Spivack writes, voluntary inclusionary housing incentives packaged with a 2008 rezone of parts of Manhattan's East Village and Lower East Side "fell short of the city's projections, creating only 55 percent of the below-market-rate apartments estimated."
The report states that while "there is no question that the rezoning has been successful in preventing out of scale development in the 114 block area, but it has been less successful in promoting affordable housing development." Due to "insufficient incentive" for developers, only 190 construction permits for affordable units were filed in the area in the decade since the rezoning.
Meanwhile, despite the 2016 approval of mandatory inclusionary housing policies to accompany rezonings, many East Village residents still "revile the thought of a neighborhood upzoning."
FULL STORY: Decade-old East Village rezoning did not deliver on affordable housing projections
NYC Planning Head Defends Growth-Oriented Policies
Acknowledging anti-development sentiments currently simmering at an "all-time high," New York's planning director Marisa Lago defended de Blasio administration policies like mandatory inclusionary housing.
Rezoning Enhances the Changes Already Coming to Manhattan's Northern End
The New York City Council this month approved a rezoning plan for the neighborhood of Inwood, located at the northern tip of Manhattan.
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Politico New York reports all the important details on a big day for planning in New York City—as the City Council overwhelmingly approved two controversial zoning changes to help spur the construction of affordable housing.
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San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
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In More Metros Than You’d Think, Suburbs are Now More Expensive Than the City
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The States Losing Rural Delivery Rooms at an Alarming Pace
In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and "harrowing" close calls are a growing reality.
The Small South Asian Republic Going all in on EVs
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