As Atlantic Avenue Mixed-Use Plan Nears Vote, How Much Can Affordability Be Pushed? (from City Limits)

 I have an article today in City Limits about the plan to rezone the area just east of the Atlantic Yards/Pacific Park site, As Atlantic Avenue Mixed-Use Plan Nears Vote, How Much Can Affordability Be Pushed?

The subheading:

The AAMUP plan could deliver 4,600 new apartments and other investments in Central Brooklyn. But passage by City Council may involve negotiations to increase the amount—and affordability—of housing at publicly owned sites.

So one issue is how much affordable housing can be added where the land base is low.

Another is Community Board 8's not unreasonable--but not possible, at this point--request to modify the city's Mandatory Inclusionary Housing (MIH), which requires 20% to 30% affordability, by suggesting an option with a higher percentage and deeper affordability.

Council Member Crystal Hudson, the key decisionmaker on the AAMUP, seeks, and likely will get, commitments for more affordable housing at publicly owned sites. But she'd have to work with colleagues to revamp MIH, which is based on a 2015 market and financial study.

Go to City Limits to read the article.