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Q&A
Discussion on Mandatory Inclusionary Housing (MIH) options
0:48:37
·
23 sec
Council Member Abreu inquires about the Mandatory Inclusionary Housing (MIH) option the developers plan to use in the proposed development. The panel explains their current plans and potential alternatives.
- The application currently maps both MIH options 1 and 2
- The developers are currently leaning towards using Option 1
- They are also considering a deep affordability option
- The ownership is open to discussing different affordability options
- Option 1 is confirmed to be feasible for the project
Shaun Abreu
0:48:37
The application maps both MIA options 12.
0:48:41
Which MIA option do you plan to use in the proposed development?
Neil Weisbard
0:48:46
Right now, 1, Sorry.
0:48:48
But we're I've I've spoke to ownership and they're willing to go deep affordability or I mean, we're thinking option 1 or deep affordability.
Shaun Abreu
0:48:56
So option 1 is feasible?
Neil Weisbard
0:48:57
Yes.
0:48:59
That's the preferred option.