Your guide to NYC's public proceedings.
Q&A
Discussion on adjusting Mandatory Inclusionary Housing (MIH) options for deeper affordability
0:52:53
ยท
108 sec
Council Member Hudson inquires about the possibility of adjusting Mandatory Inclusionary Housing (MIH) options to provide more and deeper affordable housing in the context of neighborhood rezonings. Representatives from the Department of City Planning respond, explaining recent modifications to MIH options and the challenges of adjusting MIH on a local level.
- Recent 'City of Yes for Housing Opportunity' modified MIH options to include a standalone option for the lowest AMI iteration
- Adjusting MIH on a local level is challenging due to legal underpinnings requiring citywide analysis
- The Council can choose to modify available MIH options, including targeting the lowest AMIs on mixed-income sites
Crystal Hudson
0:52:53
And then community board eight asked for an MIH option that would provide more and deeper affordable housing than the current MIH options.
0:53:01
Is it possible to adjust MIH in the context of neighborhood rezonings?
Alex Sommer
0:53:06
It's a great question and and one we've heard regularly.
0:53:10
I do wanna note that the recent city of yes for housing opportunity did just modify the MIH options to allow for a standalone, basically the lowest AMI iteration of MIH, which is now available if the city council decides to modify the MIH options we have available.
0:53:32
And this would really target the lowest AMI's available on mixed income site.
0:53:36
Jonah I don't know if you want to add to the AMI thought process there?
Jonah Rogoff
0:53:42
I would just add that we definitely recognize the challenges that you've expressed around displacement of the black population and tailoring the AMIs.
0:53:53
And you know if the council decides that a 40% AMI is the most appropriate option, know we follow your lead.
0:54:04
I would just say with respect to MIH being adjusted on a low level, my understanding is that there it requires a citywide analysis and research to kind of customize MIH.
0:54:23
That's part of the legal underpinning the program.
0:54:28
So unfortunately I believe we can adjust it on a local level, but we would definitely be willing to work with the council and as Suri noted on maximizing affordable housing and increasing the depth on public sites.