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.
New York City Council Approves Sweeping Zoning Changes
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.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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