City’s Definition of ‘Affordable’ Housing Shifts in Talks

WSJ (03/07/2016)
  • NYC Mayor Bill de Blasio and his aides are in tense negotiations with City Council to pass his rezoning plan to create more affordable housing in the City.
  • de Blasio’s plan calls for developers to set aside units that are affordable for people who earn 40% of NYC’s median income ($31K).
  • Community advocates don’t believe the plan creates enough housing for the poorest residents; de Blasio has committed to building or preserving 200K affordable apartments over the next decade.