Capital New York:
Mayor Bill de Blasio plans to unveil a new aspect of his affordable housing plan in the coming weeks—a mandate that developers build a specific number of units for low- and moderate-income New Yorkers when they seek formal city approval to rezone land for their projects.
The plan, outlined to Capital in advance of its rollout by administration and City Council officials, would require builders to set aside 25 percent of their units for affordable housing. The average unit would be rented to residents earning 60 percent of the area median income—a calculation that currently equals $46,620 for a family of three.
The policy, known as "mandatory inclusionary zoning" or "mandatory inclusionary housing," would come with a second option—reserving 30 percent of all units at an average of 80 percent of the area median income, or $62,150 for a family of three.
The Department of City Planning, in concert with the local City Council member for a given development, would decide which option to choose—not the builder, the officials said.
Ah, someone's playing with numbers here. Affordable housing income thresholds are generally based on a family of four, not three, making this look like a better deal than it is. And by making this to apply only to new rezonings and not new buildings in all existing zones, what it means is that a whole lot of folks are going to lose their affordable apartments and get locked out of the more expensive "affordable" apartments in the new developments.
$62,150 for a family of 3 falls way above what most people who truly need affordable housing are making. And this is citywide, which means these income requirements apply whether you live in housing on the Upper East Side or in East New York. Which means increased gentrification of low income neighborhoods and more homeless families to fill up shelters.
It also means that developers will seek rezonings with higher density in order to cover the affordable housing requirement. So instead of an R6 zone, they'll ask for an R7.
Anything to appease developers while making it appear as though you're helping the downtrodden, right Bill?