Mayor de Blasio’s Mandatory Inclusionary Housing legislation requires that a certain percentage of any newly built residential units be made affordable for low-income tenants. But new construction has been impeded by community advocates who oppose market-rate housing, and also by a lack of political will by local officials. If NIMBYism is going to stall even massively subsidized housing development in New York City neighborhoods, then the goal of expanding residential supply will remain more dream than reality.
The Facts You Need to Know
Squandered: A rejected project in upper Manhattan would have included more than double the number of “affordable” units required under the law. Read more.
NIMBY: Increased housing density is appealing to developers and planners, but existing residents typically oppose the strain on limited neighborhood resources. Read more.
YIMBY: Dispensing with the requirement to mingle subsidized and market-rate units in the same building would make it easier for developers to build low-cost housing. Read more.
“I think it was really a lost opportunity. There was a chance to get, I think 67 affordable units in the community; now we have zero affordable units — someone tell me why that’s a victory.”
The Past is Present
“Advocates are proclaiming a hokey new crisis in affordable housing to a gullible press.”
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