‘The city and state will have to work harder – and increase their level of collaboration – in order to continue financing tens of thousands of affordable homes each year.’
‘Stronger rent laws will not only protect tenants and preserve regulated apartments in Stuyvesant Town-Peter Cooper Village and beyond; they will also allow the city’s to target critical preservation resources more strategically.’
Within a few months this fall, the city announced two separate plans to redevelop the abandoned Greenpoint Hospital site, and across the street, a parking lot owned by the city’s public housing authority—for a total around 750 new apartments within a two-block radius.
The tax overhaul’s full potential impacts are not yet understood, but experts expect deleterious effects on NYC’s efforts to produce and preserve affordable housing.
The way New York City’s population and job market grow in the future are not inevitable facts; they’re tied to future government decisions about planning and budgeting.
The vote brings the fourth De Blasio rezoning one step closer to approval.
The revamped housing plan includes steps to implement many of the policy ideas proposed by advocates within the last couple years, though clear disagreements remain between the administration and critics.
Nearly 100 apartments that were up for grabs at Pacific Park (the site formerly known as Atlantic Yards) through the city’s affordable housing lottery a year ago are now being listed on StreetEasy, because not enough of the lottery winners would take them.
Basically, it’s a much bigger version of the 2014 plan that the mayor revised earlier this year to serve more low-income people.
The vote, along with a similar recommendation by Community Board 4 on Tuesday night, provides backing for de Blasio’s fourth neighborhood rezoning.
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