Your guide to NYC's public proceedings.
PRESENTATION
Affordable housing units and Mandatory Inclusionary Housing Option 1
0:16:03
ยท
52 sec
The project will comply with the Mandatory Inclusionary Housing (MIH) program, using Option 1.
- The affordable units will include studios, one-bedroom, and two-bedroom apartments.
- Rents for MIH units are based on 2023 HUD information and specific Area Median Income (AMI) bands.
- The development is intended to be a mixed-income building.
- Specific rent levels for the affordable units were presented, though details are not visible in the transcript.
John Woelfling
0:16:03
This is the the unit mix.
0:16:05
As Carrie mentioned, we're gonna have yeah.
0:16:07
It's very small.
0:16:09
This is based upon 2023 HUD information, but this is the AMIs for the MIH units.
0:16:16
We're gonna be complying with the mandatory inclusionary housing program.
0:16:19
We're using option one.
0:16:21
So this is the the rents per the units.
0:16:25
We are gonna include studios, one bedrooms, and two bedrooms.
0:16:29
It's meant to be a mixed income building, but those MIH units will be at these rents for those income bands.
0:16:36
Next slide, please.
0:16:40
So when we were presenting this to the various organizations in the in the EULAR process, the planning commission had a couple questions.
0:16:52
And one of the commissioners specifically had a question about how we're gonna be dealing with flooding.
0:16:55
This is a flood prone area.