The Bloomberg administration tried to build affordable apartments using inclusionary housing, which incentivizes developers to build cheaper units along with market-rate units, but doesn't require it. Tax-based program 421-A has also proven insufficient. Here's how BdB might reach his goal of 200,000 new units: "The assumption is that the de Blasio plan will require the construction of a specific number of affordable units in return for zoning changes and the approval of major projects, irrespective of economic conditions." [Crain's; previously]
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