‘The mayor’s housing initiatives address two related and important issues: the supply of affordable housing and the supply of market-rate housing that must be addressed as part of any housing policy to improve the lives of lower-income New Yorkers.’
Local representatives are beginning the long-awaited move to define just what area of lower Manhattan might be covered by a “Chinatown” rezoning that the de Blasio administration has said it will initiate.
A real-estate brokerage’s reports on East Harlem and Gowanus glosses over opposition to potential rezonings there and predicts that the neighborhoods will soon ‘take off.’
At a town hall near the footprint of the proposed Bay Street rezoning, the mayor tried to strike a balance between acknowledging concerns about development and extolling its virtues.
It’s just one parcel in a city undergoing dramatic development. But here is the view from the Lower East Side on what the departure of a neighborhood supermarket means.
Er, we mean the ‘Affordable New York Housing Program,’ of course.
Community advocates have been at odds with the city over whether the rezonings will create deeper needs for classroom seats than the city’s school-building plans accommodate.
New schools, parks, buildings and sanitation garages are in the offing.
The EB-5 program, which one New York real estate banker likened to “legalized crack cocaine,” demands reform. But it looks the Trump administration might expand rather than curtail it.
In 2004 the island was rezoned to preserve suburban character and restrict population growth. Now islanders have decided they want a thriving downtown as well as quiet streets, so the zoning maps are again open for an edit.
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