The Gotham Gazette published an interesting article this week examining Mayor Bloomberg’s track record in affordable housing. A keystone to the Mayor’s housing plan is inclusionary zoning—granting benefits, such as a 33 percent higher floor to area ratio, to developers who include permanent affordable housing in their plans. Critics say that the plan hasn’t delivered nearly as much affordable housing as promised and supporters say that the plan can work, given enough time. In Greenpoint-Williamsburg, for example, the program has created 768 affordable rentals since 2005, and the goal is 2,200 over the course of a decade. Also, in 2005, the city promised over 6,000 units from already approved projects, but since then only 2,716 have come into existence, mostly in Manhattan, and this figure includes renovations of existing affordable apartments, not just new units. Also, between 2005 and 2008, the city lost 20,000 rent-stabalized apartments to market-rate developments, which tips the mayor’s affordable housing balance into the red. Alternative solutions proposed include mandatory as opposed to optional inclusionary housing, and a new focus on preservation and regulation of existing housing, as opposed to new construction. “The priorities that Bloomberg has put on development of new construction as a solution to affordable housing has been the wrong emphasis,” Mario Mazzoni, the lead organizer at the Metropolitan Council on Housing, told the Gazette. “You cannot build yourself out of the affordable housing crisis in New York City.”
Affordable Housing Not Included [Gotham Gazette]
Affordable housing map, showing completed vs. closed inclusionary housing projects, from The Gotham Gazette