Incentivizing Affordable Housing | Manhattan Institute

This report examines the consequences of three rezonings that occurred during the final term of former New York City mayor Michael Bloomberg: Astoria (2010), Bedford-Stuyvesant North (2012), and Crown Heights West (2013). These areas can be characterized as “middle market”—where market rents are high enough to support new privately financed housing but not high enough to make the standard options under current mayor Bill de Blasio’s Mandatory Inclusionary Housing (MIH) program (which requires large percentages of low-income units) economically feasible. The report makes three interrelated points: This report takes as a given the city’s inclusionary housing programs and the state’s property-tax exemptions. It then analyzes how the city and state could do better in leveraging private investment to meet their housing goals. DOWNLOAD PDF This paper examines the outcome of three rezonings that took place in Brooklyn and Queens between 2010 and 2013, during New York mayor Michael Bloomberg’s

View all Articles Cities Housing May 20th, 2020 28 Minute Read Report by Eric Kober Share Download PDF Zoning, Taxes, and Affordable Housing: Lessons from Bloomberg’s Final Term Photo: Auseklis / iStock / Getty Images Plus Table of Contents This report examines the consequences of three rezonings that occurred during the final term of former New York City mayor Michael Bloomberg: Astoria (2010), Bedford-Stuyvesant North (2012), and Crown Heights West (2013). These areas can be characterized as "middle market"-where market rents are high enough to support new privately financed housing but not

related reading

• City of Yes: Parking Mandates Have Shaped New York ... For Worse - Streetsblog New York Citynyc.streetsblog.org
• Adams’ First Two Neighborhood Rezonings Take Shape as Mayor Looks to Supercharge Development - City Limitscitylimits.org
• Strategies to Boost Housing Production in the New York City Metropolitan Area |cbcny.org
• New York City’s Far-Reaching Housing Proposals Are Still Not Ambitious Enoughmanhattan.institute
• Housing Affordability Issues in New York Cityeisneramper.com
• Innovative Solutions for the Housing Crisisssir.org
• The zoning taxbuildingabundance.ca
• Two Affordable Housing Buildings Were Planned. Only One Went Up. What Happened? - The New York Timesnytimes.com
• Vital City | After the Mamdani Rent Freezevitalcitynyc.org
• City of Successful Housing Reform: With Vote, New York City Takes First Step Toward Pro-Housing Zoning | Manhattan Institutemanhattan.institute
• Don’t Be Fooled by New York’s Illusionary Zoninggothamgazette.com
• The NIMBY problem - Works in Progress Magazineworksinprogress.co