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Mission Impossible: Affordable Housing

NEW YORK CITY—New NYU research casts doubts on the feasibility of creating affordable housing in low-rent neighborhoods.

By Rayna Katz | Updated on March 26, 2015

NEW YORK CITY—A new report by the NYU Furman Center calls into question the feasibility of affordable housing in low-rent neighborhoods—such as East New York in Brooklyn and the Jerome Avenue corridor in the Bronx—tied to upzonings across New York City’s neighborhoods.

The report, Creating Affordable Housing Out of Thin Air: The Economics of Mandatory Inclusionary Zoning in New York City, finds that the city’s low-rent neighborhoods may not have sufficient market strength to justify high-density mixed-income development without other forms of subsidy. On the bright side however, the research reveals that a mandatory inclusionary zoning policy in New York City has the potential to produce affordable units in neighborhoods that already command relatively high rents, such as Downtown Brooklyn.

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