Your guide to NYC's public proceedings.
REMARKS
Council Member Dinowitz summarizes concerns and future expectations
0:43:29
ยท
38 sec
Council Member Eric Dinowitz summarizes his concerns and expectations for future discussions with HPD regarding affordable housing unit types and specific development projects.
- Dinowitz reiterates his request for data on two, three, and four-bedroom apartments financed by HPD
- He emphasizes the need to revisit the financing for the 160 Van Cortlandt Park South project
- Dinowitz calls for changes in HPD's term sheets to incentivize the construction of more family-sized units
- He highlights the disconnect between the mayor's stated goals and the current incentives for developers
Eric Dinowitz
0:43:29
Excellent news that you are on track, and I look forward to continued conversations.
0:43:33
And more conversations, one, getting me the data about two, three, four bedroom apartments that you financed, the specific site at 160 Van Cortlandt Park South, and wanna actually see what that looks like for HPD to be financing and incentivizing developers, the people who build the buildings, that they could still make money.
0:43:53
And it's in their best interest to build more units for families, which is something the mayor says he wants, but we have yet to see how the term sheets will be changed to incentivize that construction.
0:44:05
Thank you.
0:44:05
HPB, thank you, chair.