Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date12/09/2019
AuthorSushma Pramod
Published By
Edited BySuneela Farooqi
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Affordable Housing in New York City: Case of Inclusionary Zoning in Green Point – Williamsburg

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Document Type:General
Publish Date:2019
Primary Author:Sushma Pramod
Edited By:Suneela Farooqi

New York City has been facing a housing crisis and rising rents as comparing other countries and over half the city’s renters pay more than 30% of their household income toward rent.  The housing in New York may be controlled by using a tool, rate designed to the introduction of affordable homes with market development. The technique is typically tied with re-zoning activities and incentivizes the creation of affordable units. The situation of New York City as a global economic, financial and cultural center, continuously grows housing needs and affordability. The housing crisis is badly affecting vulnerable populations. Mayor de Blasio’s the housing New York Plan trusts on the program’s success in order to meet its goals and the city continues to re-zone neighborhoods.

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