Creating Incentives to Develop Housing for New Populations

Written by Jan Corpus. Posted in Life, Main Street Polity

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Published on August 06, 2014 with No Comments

The globalist design for micro-apartments is being championed by New York’s Mayor Michael Bloomberg. These “studio and one-bedroom apartments” will be no bigger than 275 to 300 sq ft. These tiny living spaces are smaller than currently allowed by building regulations, according to a statement by Bloomberg’s office; however the zoning regulations will be waived in over to construct the first of many compact pack ‘em and stack ‘em housing model in the city-owned area of Kips Bay.

The intention is to construct an area in NY that accommodates restricted housing space, eliminates car use in favor for walking and bicycling and promotes mass transit. According to the globalists at America 2050, “metropolitan regions will be an interlocking economic system, shared natural resources and ecosystems, and common transportation systems link these population centers together.”

New York City has dedicated capital funding toward the development of an innovative Middle Class Housing Initiative that will make New York affordable to a broader range of residents. Through creative financing mechanisms, this new program will generate 22,000 units of housing targeted at moderate – and middle income New Yorkers making between $50,000 and $100,000. This program will be implemented on large sites throughout the five boroughs.

As a first step, Housing Partnership Development Corporation is currently working with New York City Housing Authority on the development of up to 435 units targeted to middle class families on the West Side of Manhattan. These sites, which are within the Hudson Yards and West Chelsea rezoning areas, can be developed with new buildings, replacement parking, street level retail, and open space improvements that will benefit existing NYCHA tenants as well as the new residents. The challenge of affordability in New York City affects households in all five boroughs and in all income groups.

In the New Housing Marketplace Plan overall, HPD anticipates that 68 percent of the units will be affordable to those earning less than 80 percent of Area Median Income (AMI, currently about $50,000 for a family of four) and the remaining 32 percent of units will serve moderate and middle-income New York families. HPD will also focus on reaching out to income groups it has traditionally had difficulty reaching with its existing programs. Similar to many cities across the country, New York City struggles to provide housing to a range of incomes. HPD programs have traditionally targeted populations earning between $20,000 and $40,000 per year (30-60 percent of AMI) because of the resources available to create housing.

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