HPD reports that an additional 1,139 affordable units are in the pipeline. At the Trends in New York City Land Use and Development forum co-hosted by the Center for New York City Law, HPD reported a total of 536 affordable units in construction and an added 1,139 units in the application phase as a result of the expanded inclusionary housing provisions.
The inclusionary housing provisions allow developers to increase the floor area of a development with an agreement to build affordable housing on the site or within another development. When the City first enacted the provision in 1987, it applied only to R10 zones and led to the development of 1,300 units of affordable housing. With the Greenpoint- Williamsburg rezoning, the City expanded the bonus provision to apply to lower density districts, and later applied the plan to cover Hudson Yards, West Chelsea, Brooklyn’s South Park Slope and Maspeth and Woodside in Queens. A plan to expand it to the Upper West Side and Fort Green and Clinton Hill in Brooklyn is in the application stages.
Presentation by Arden Sokolow, Director of HPD’s Inclusionary Housing Program, Trends in New York City Land Use and Development, April 19, 2007.