Affordable Housing: 200,000 or Bust
Thursday, March 06, 2014
Alicia Glen, deputy mayor for housing and economic development, and Carl Weisbrod, chair of the City Planning Commission, talk about the revised deal with Two Trees to include more units of affordable housing in exchange for greater height in the development of the Domino Sugar factory site in Williamsburg. They explain how the deal came together and how the mayor's goal of adding 200,000 units of affordable housing over 10 years can be achieved.
.@NYCPlanning, re: Domino and overall approach: "When a developer is seeking a substantial increase in value...we want the public to share."— Brian Lehrer Show (@BrianLehrer) March 6, 2014
Deputy Mayor Alicia Glen says that the Domino deal will lead to "permanent affordable housing." http://t.co/DaPcI2eyRj— Brian Lehrer Show (@BrianLehrer) March 6, 2014
Alicia Glen: "moderate income are (also) facing an affordability crisis." Domino units will target range of $30k-110k for a family of four.— Brian Lehrer Show (@BrianLehrer) March 6, 2014
Weisbrod says Two Trees has "a good track record" that "does point the way to a different economic future for the city."— Brian Lehrer Show (@BrianLehrer) March 6, 2014