The City Council is set to pass Mayor Bill de Blasio's housing plans next week after altering them significantly to require more affordable housing, exempt parts of Manhattan from taller buildings and spare parts of the outer boroughs from parking changes.
Council Speaker Melissa Mark-Viverito announced the final deal alongside several of her members during a press conference in the City Hall rotunda Monday afternoon.
On de Blasio's Mandatory Inclusionary Housing proposal, which requires below-market-rate development from builders who take advantage of a city-issued rezoning, the Council is demanding more affordable housing than the mayor's plan called for.
Developers previously had three options for amounts and levels of affordability, which some advocates and members felt were insufficient to really tackle the city's housing shortage for its poorest residents.
The Council is now presenting a fourth option: a requirement that 20 percent of the units be reserved for people making 40 percent of the area median income, which amounts to $31,075 for a family of three in New York City and surrounding counties.
And the highest option was slightly lowered: Instead of 30 percent of the apartments set aside for those earning 120 percent of the AMI it is now 115 percent, with a requirement that at least 10 percent of those units be even cheaper.
Developers will not have a lot of discretion when picking among the four so-called options. ***Any time a builder gets city permission to rezone land or build in a rezoned neighborhood, the administration and local Council member will get to choose which of the affordable housing plans they must utilize.***
Expect a lot more corruption/tweeding arrests in the near future!