REMARKS
Council Member Kevin Riley explains proposal for mixed-use residential development in the South Bronx
0:08:16
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Council Member Kevin Riley presents details of a proposal for a mixed-use residential development in the South Bronx, including zoning changes and affordable housing requirements. He explains the recommended modifications to the proposal and notes Deputy Speaker Ayala's support.
- The proposal includes 87 apartments, with 24 permanently affordable units
- Zoning changes involve a map amendment and a text amendment for mandatory inclusionary housing
- Recommended modifications include removing option 2 and adding a deep affordability option
Kevin Riley
0:08:16
Thank you, council member Narcisse.
0:08:18
The second vote is to approve of modifications LUs two ten and two eleven relating to the 04/ proposal in deputy speaker Ayala's district.
0:08:28
The proposal seeks to develop a mixed use residential building in the South Bronx.
0:08:33
The proposed development will have approximately 87 apartments, of which 24 will be permanently affordable.
0:08:40
The proposal consists of 2 actions.
0:08:43
The first is a zoning map amendment to change an existing manufacturing m 1 dash 2 district to a mixed use m 1 dash 4 slash r 7 d district.
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The second action is a zoning text amendment to map a mandatory inclusionary housing area.
0:09:00
We are recommended to remove option 2 and add the deep affordability option.
0:09:05
This will make 20 to 25% of the proposed apartments permanently affordable similarly to the Colt Street project.
0:09:14
Deputy speaker Ayala supports this proposal based on the recommended modifications.