After lengthy debate, City Council approved Mayor de Blasio’s Zoning for Quality and Affordability plan (ZQA). A key component of the plan is the relaxation of parking requirements for multiple dwellings. By eliminating parking requirements, the mayor aims to make it easier for developers to maximize zoning lots for affordable and senior housing. The removal of parking requirements is just one component of the mayor’s goal to add and maintain 200,000 units of affordable housing in the next 10 years. (more...)
New York City’s recently approved Flood Resilience Zoning Text Amendment means a host of changes for buildings in New York City’s flood zones. The centerpiece of the amendment is the imposition of the Flood-Resistant Construction Elevation (FRCE), defined as the FEMA flood elevation requirement plus the freeboard requirement as outlined in the building code. In essence, new and severely damaged one and two family residences are required to raise their first floors above flood levels, while limiting the ground floor usage to storage and parking. (more...)
Crumbling infrastructure and an untenable fiscal situation has led the NYCHA to turn its parking lots into cash. As part of its Land Lease program, the NYCHA seeks to solve its budget woes by leasing its parking lot areas to developers who will develop market rate housing.
The NYCHA, the nation’s largest housing authority, has been dealing with a budget shortfall totaling $876 million since 2001. (more...)