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PRESENTATION

Proposed changes for medium and high-density neighborhoods: Universal Affordability Preference

0:39:43

·

3 min

Garodnick introduces the Universal Affordability Preference (UAP) as a key proposal for medium and high-density neighborhoods in the City of Yes for Housing Opportunity initiative. This proposal aims to increase affordable housing production in these areas.

  • The UAP would allow buildings to add approximately 20% more housing if those additional homes are permanently affordable
  • This bonus applies to all medium and high-density districts (R6 to R10)
  • The proposal expands on the existing AIRS program, which currently only applies to senior affordable housing
  • The UAP includes an affordability requirement at 60% of the area median income, lower than existing voluntary inclusionary housing programs
  • Garodnick presents this as potentially the largest affordable housing zoning program in American history, estimating it could have created 20,000 additional affordable homes if implemented since 2014
Daniel Garodnick
0:39:43
Medium and high density.
0:39:45
Next slide.
0:39:46
So now we're gonna talk about the other part of the map where we started.
0:39:49
So we've just now covered the lower density proposals.
0:39:52
Now let's go to medium and high density.
0:39:54
Our universal affordability preference would allow buildings to add approximately 20% more housing if those additional homes are permanently affordable.
0:40:06
So it's a bonus for affordable homes.
0:40:10
This would allow incremental housing growth throughout our medium and high density districts.
0:40:17
It would encourage affordable housing throughout the city rather than just concentrating it in just a few areas.
0:40:23
So every area where you see on this map coated in Amber Orange, you would be able to take advantage of 20% bonus for affordable housing only and permanently.
0:40:36
Next slide.
0:40:39
Today, we have a program called errors where we allow for a bonus for a certain type of affordable housing, but it's for senior affordable housing only.
0:40:50
And it exists in the lighter orange areas on the map.
0:40:56
This plan would expand that framework.
0:41:00
So what we give today for senior affordable housing would expand it all types of affordable housing across all medium and high density areas.
0:41:07
So throughout all of our R6 to R10.
0:41:12
Next slide.
0:41:14
We also proposed to include an affordability requirement at 60% of the area median income here.
0:41:22
This is lower than what our existing voluntary inclusionary housing programs have at 80%.
0:41:29
This lowers that down to 60% Also importantly, 80% is a requirement.
0:41:34
You need to hit 80% today.
0:41:36
This would allow for income averaging.
0:41:38
So you can actually go below 60% and be eligible for the universal affordability preference.
0:41:44
Next.
0:41:46
Here's an example.
0:41:48
Some of you have seen this, a church in an R6 district that wants to partner with a developer to rebuild the church sanctuary and do some housing on top, Today, the site is limited to 3 FAR, which, of course, is their maximum amount of development rights, is defined by the floor area ratio.
0:42:03
That would get you about 35 units on this site.
0:42:06
If affordable and supportive housing got 3.9 f a r, which is what you get under the senior affordable program today.
0:42:13
This I could get 10 to 12 more units as long as anything above that 3.
0:42:20
So between 33.9 must be permanently affordable and again at 60 percent AMI with an average.
0:42:30
Next slide.
0:42:34
This will be the largest affordable housing zoning program in American history.
0:42:39
This has never been attempted and has never been delivered.
0:42:43
If this had been in place since 2014, an additional 20,000 income restricted affordable homes could have been created enough to house 50,000 New Yorkers we had this over the last 10 years, we think this is a very, very important part of the proposal.
0:42:56
Next slide.
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