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Q&A
Discussion on strengthening Mandatory Inclusionary Housing (MIH)
3:47:38
ยท
92 sec
Chair Garodnick addresses Council Member Marte's concerns about strengthening Mandatory Inclusionary Housing (MIH). He explains the current approach to MIH and outlines proposed improvements in the new housing plan.
- Garodnick emphasizes that NYC's MIH program is the strongest in the country
- He highlights the proposal to expand the voluntary program to cover 100% of medium and high-density districts
- Garodnick mentions the introduction of a stand-alone option for 40% AMI affordable units
Daniel Garodnick
3:47:38
But I wanted to talk about the point about strengthening NIH because I think we share the goals about trying to maximize the opportunities for affordable housing.
3:47:47
And where we map NIH, as you know, it is in those areas where we are providing a significant increase in density opportunity development opportunity on a site.
3:48:03
And we will continue to do that.
3:48:05
New York City's NIH program is the strongest in the country.
3:48:11
We are going to make it even more affordable for more people as part of having a stand alone option of 40% of AMI if the council approves this proposal.
3:48:22
We wanted to make sure here that we were expanding our voluntary program, which today only covers 13% of medium and high density districts to 100% of them, which is the it is the biggest affordable housing program that we have ever embarked upon.
3:48:42
But we were very careful because we wanna actually make sure that something happens as a result.
3:48:47
So we will continue to map NIH in connection with individual developments, neighborhood plans, And here, we want to take advantage of incentivizing opportunities throughout all of our medium and high density areas, not just a fraction, but all of them to be able to deliver affordable housing and even at deeper levels than historically.
Christopher Marte
3:49:09
And then on the NIH, right, I know some of it is out of scope to this proposal, but will DCP commit to looking at it further?