One of the more aggressive inclusionary zoning programs in the country has been in place long enough to evaluate for lessons regarding the effectiveness of the controversial affordable housing development tool.
Michael A. Tortorici, co-founder and executive vice president at Ariel Property Advisors, checks in with the Mandatory Inclusionary Housing (MIH) program three years after its inception under the de Blasio administration, with effects beginning to take shape around the city.
"Looking at MIH projects in the pipeline and recent transactions in current or pending MIH areas, it’s becoming increasingly clear where the program is currently delivering, and where it may be falling short," according to Tortorici.
Here are the key findings of the analysis presented in the article:
As of August 15, 2019, city records show approximately 40 new developments underway that will see at least 25 percent of residential floor area allocated to permanent affordable housing. Based on available information, we estimate these projects total approximately 7.3 million square feet of new construction. In terms of gross area being built, approximately 53 percent is under construction in the Bronx, 19 percent is in Brooklyn, 12 percent is in Northern Manhattan, 10 percent is in Queens, and 6 percent is in Manhattan.
While breaking down the development pipeline of the neighborhoods and boroughs around New York in greater detail, Tortorici also presents some conclusions based on the evidence provided by the development market.
Read the full story: Checking In on NYC’s Mandatory Inclusionary Housing Program
Spiting Mandatory Inclusionary Housing to Save Mandatory Inclusionary Housing
The question of whether New York City's new mandatory inclusionary housing policy should apply to a 17-story project in Manhattan could have wide-ranging implications.
'Housing New York' Would Invest $41 Billion in Affordable Housing
New York City Mayor Bill de Blasio announced the details of the "Housing New York" plan this week. The plan will guide the de Blasio Administration toward its goal of creating 200,000 affordable housing units in the city.
How New York City's Appearance Changed Under de Blasio
The former mayor's administration oversaw several major changes in the city's skyline, streets, and public spaces.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
Satanic place names
From streams and lakes to valleys and canyons, I mapped more than 1,000 places named after the Devil.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority