New York City Mayor Bill de Blasio and the Real Affordability for All coalition reached an agreement over the weekend after seeing a revised version of de Blasio’s original proposal.
According to the Wall Street Journal:
Real Affordability for All, a coalition of tenant and antipoverty organizations, embraced the mayor’s 10-year zoning plan. Last week it canceled a protest following last-minute negotiations with City officials who wanted to avoid a noisy spectacle while talks continued.Sponsor Content
Instead the administration held a rally of its own on City Hall’s steps, with Mr. de Blasio addressing hundreds of people organized by labor unions.
In 2013 while running for re-election, de Blasio announced he wanted to build or preserve 200,000 units of affordable housing. With his new rules, developers are forced to include affordable housing and also give the the power to build more units.
While Real Affordability for All wanted apartments guaranteed at 30% of the area median income, the de Blasio administration proposed units affordable for people who earn 40%, or about $31,000 a year for a family of three.
“We’re moving in the right direction,” Councilman Donovan Richards was quoted saying.
De Blasio is still not in the clear yet, While Real Affordability for All supports his plan, he still needs to convince its campaign director, Maritza Silva-Farrell.
The Wall Street Journal states an agreement could be reached as soon as Tuesday.
In 2015, the U.S. Department of Housing and Urban Development announced a final rule on Affirmatively Furthering Fair Housing today that it says will “equip communities that receive HUD funding with data and tools to help them meet long-standing fair housing obligations in their use of HUD funds.”