We’ve reported that the Domino Plan in Williamsburg guaranteed that 660 units, or 30 percent of the development, would be reserved for affordable housing. But the Domino Plan, to be voted on Thursday by the City Council, makes this agreement non-binding. The NY Post writes, “The zoning text will include standard language of the city’s Inclusionary Zoning policy thus guaranteeing that only 20 percent of the units will be set aside for low- and moderate-income residents.” While the Domino project manager vowed to follow through with the full agreement, if Domino is sold to another developer the 30 percent affordability guarantee could be ignored.
City Set to Approve Domino Plan Without Guarantees [NY Post]
Domino Sugar Coverage [Brownstoner]