New York City Unveils Ambitious 10-Year Housing Plan

Private sector has a role in addressing housing affordability

Earlier this month, Mayor Bill de Blasio of New York City unveiled a $41 billion plan to build or preserve 200,000 affordable housing units in the city’s five boroughs over the next ten years. The plan seeks to use increased height and density allowances and mandatory inclusionary zoning to achieve new builds that preserve affordability in perpetuity, and to identify neighbourhoods at risk of gentrification where affordable rents should be enforced. Read more about the plan in the New York Times, and in Bob Ransford’s recent piece¬†for the Vancouver Sun.