City Council approves East Harlem rezoning

The City Council on Thursday approved the rezoning of East Harlem, the third neighborhood to be rezoned under the mandatory inclusionary housing program. The 96-block rezoning is expected to create 1,288 affordable housing units on private sites. Under MIH, the city estimates that at least 20 to 25 percent of all new residential units in East Harlem will be affordable. The plan includes a $222 million investment into the community, with $50 million set aside […]


Source: Real Estate

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