Gentrifying vs Affordable Housing?

Gentrifying vs Affordable Housing?

Affordable Housing Demanded as Part of Jerome Corridor Rezoning


REAL ESTATE- Looking to prevent gentrifying residents out of the development changes to a Bronx community, officials are calling for the allocation of 2,000 units of affordable housing as part of the Jerome Avenue Corridor Rezoning project.

Bronx Borough President Ruben Diaz Jr. has issued a report identifying more than 2,000 units of affordable housing that must be preserved as part of the proposed rezoning of the Jerome Avenue corridor.

The report, titled “Zoned-In: A Housing Preservation Blueprint for the Jerome Avenue Corridor,” identifies 2,075 units across 45 buildings within a ¼ mile radius of the area proposed for rezoning around Jerome Avenue by the de Blasio administration.

“In my negotiations with the administration as part of the ULURP process, the city committed to preserving 1,500 units of affordable housing in Community Boards #4 and #5, as a condition of my support of this rezoning. While this achievement is appreciated, we can do more to keep this community affordable. This report identifies the units that should be preserved and kept affordable, and the city should direct its resources to do just that,” said Bronx Borough President Ruben Diaz Jr. “As this rezoning proposal moves forward, it will be up to the City Council to hold the administration to the promises they have made.”

The report uses a formula based on building violations, demographics and development subsidies to identify units that meet the criteria for further preservation.

Comments

Popular Posts