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.
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.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Mamdani overhauls NYC's Vision Zero plan with 100 new policy goals
The overhaul aims to reduce traffic deaths and make streets safer for pedestrians, cyclists and drivers through lower speed limits, new safety infrastructure and more.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
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.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association