NYC Inclusionary Zoning New Report

Courtesy of Patricia Jones
-----------------
Forwarded Message:
Subj: New Report Recommends Inclusionary Zoning in NYC
Date: 10/21/2004 1:44:20 PM Eastern Daylight Time
From: listmaster@picced.org
Sent from the Internet (Details)

**************************************************
Pratt Institute Center for Community and
Environmental Development (PICCED)
E-Alert
**************************************************
October 20, 2004

The Pratt Institute Center for Community and Environmental Development (PICCED) and PolicyLink released the report, “Increasing Housing Opportunity in New York City: The Case for Inclusionary Zoning” (http://www.picced.org/pol-izreport.php), yesterday.

The report, which analyzes the housing needs, development opportunities and market conditions in New York City, concludes that inclusionary zoning—requiring developers to set aside affordable units in new housing developments—could create more than 15,000 units to address the city’s housing crisis.

The Bloomberg Administration’s plan to rezone more than two dozen neighborhoods across New York City misses a historic opportunity to ease the city’s desperate shortage of affordable housing, according to the report. It estimates that if the Administration’s redevelopment plans move forward unchanged, only 8% of the 40,000 to 80,000 new housing units created through these rezonings will be affordable for the majority of city residents.

“Increasing Housing Opportunity in New York City” details how zoning changes proposed for New York City will lead to huge increases in land values that can be leveraged to create mixed income developments. By adding affordable housing units into new developments, inclusionary zoning would:

• Produce affordable housing for a diverse labor force;
• Foster mixed-income communities;
• Insure affordability in tight housing markets; and
• Stretch scarce public dollars by leveraging market-rate construction.

Ultimately, the report concludes that inclusionary zoning can help shape a future for New York City where a wide range of New Yorkers not only have affordable housing, but a chance to benefit from the city’s growth and prosperity.

You can view the full report and supplementary financial analyses at:
http://www.picced.org/pol-izreport.php or contact PICCED (admin@picced.org) to receive a printed copy.

You can learn more about community organizing efforts to make inclusionary zoning a reality in New York City at http://www.izny.org.

---------------------------------------------------------


You received this email because you are on the PICCED E-Newsletter mailing list. If you do not wish to receive future updates from PICCED, please click http://www.picced.org/phplist/lists/?p=unsubscribe&uid=91d1acef6505fee9f302063465a72f45 to unsubscribe. You will receive an unsubscription confirmation.

To subscribe or update your preferences click http://www.picced.org/phplist/lists/?p=preferences&uid=91d1acef6505fee9f302063465a72f45.



--
Powered by PHPlist, www.phplist.com --