Rezoning in NYC
Mayor de Blasio’s proposal to rezone parts of the city to allow for greater residential density has been unanimously rejected by community and borough boards. As a result, the mayor finds himself in a public relations pickle as he readies for a vote by the City Council early next year.Though flawed, the mayor’s plan contains many worthwhile ideas, especially deregulation of the city’s overly strict zoning and development codes.
The Facts You Need to Know
No Parking: Eliminating the requirement that new subsidized apartments come with parking spots will mean more space for housing. Read more.
Inventory: Upzoning areas of the city that are relatively underpopulated will greatly expand housing inventory of both subsidized and market-rate apartments. Read more.
Cut Red Tape: De Blasio’s plan would lower developers’ costs and speed the pace of development approvals. Read more.
“Zoning actions to increase density and reduce costs are among the only significant tools the city has to induce the development of housing that responds to the needs of our growing population of low, moderate and middle income New Yorkers.”
The Past is Present
“In 1982, I moved with my husband and our two young children into a partly renovated brownstone in Park Slope, Brooklyn. Last year, New York pronounced the area ‘the most livable neighborhood in New York City,’ but in those days, real-estate agents euphemistically described it as ‘in transition,’ meaning that the chances you’d get mugged during a given year were pretty good.”
And in other news...
“Forty percent of state legislators earn outside income, with about 8% making between $100,000 and $515,000, a new report shows. That’s on top of their legislative base pay of $79,500 and leadership and committee stipends they may receive. Common Cause/New York is using the findings of its report and the recent conviction of former Assemblyman Sheldon Silver to call for a ban on all outside income — or at the very least, a cap like the one imposed on those in Congress.”