NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

The report predicts that almost 50,000 residents of the affected Brooklyn neighborhoods would be priced out of neighborhood.  On December 3, 2015, Comptroller Scott M. Stringer issued a report—Mandatory Inclusionary Housing and the East New York Rezoning: An Analysis—on the proposed East New York rezoning plan’s effect on housing affordability in the East New York and Cypress Hills neighborhoods of Brooklyn.  The report claims while supply of housing units in the rezoned areas would go up significantly, less than thirty percent would be affordable to existing East New York and Cypress Hills residents, failing to meet goals of mitigating resident displacement. (more…)

East New York rezoning map. Image credit: DCP

The proposal would create new affordable housing, public parks, and other community improvements.  On September 21, 2015, the City Planning Commission began the public review process for the Department of City Planning’s proposal to rezone several neighborhoods in Brooklyn.  The East New York Community Plan would invest in the improvement of the East New York, Ocean Hill, and Cypress Hills neighborhoods of Brooklyn—represented by Community Boards 5 and 16—by adding affordable housing and community resources that seek to boost the local economy and prevent the displacement of existing residents.

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