isolates the # of people who will fight for increase in capital investment, targets middle class residents instead of government policy or large developers, etc etc. the question should be what value are we creating, what's the (short and long term) public benefit?
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it seems clear to me that there is a short-term public benefit to rezoning soho/noho and creating a lot of low income housing in one of the city's wealthiest neighborhoods.
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it's also clear to me that the rezoning will create an immense amount of value (in one of the most valuable real estate markets in the world) for the developer class!
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which makes the longer-term costs/benefits harder to gauge! this is not the argument that is being made tho. the argument that is being made is "affordable for who" and its exclusionary and silly when applied to soho/noho!
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we should de-concentrate wealth as much as possible and honestly its clear that the soho/noho rezoning absolutely does that in the short term. in the long term it's less clear! in the long term, is lower manhattan under water? anyway we should have the debate on those terms imo.
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i also think its really...let's say....interesting...that some of same the landlords who are super coming after us re: eviction moratoria are also coming after other folks for wanting to rezone soho/noho now i shall log off
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mih affordable housing isn’t affordable how is this affordable?
(and they’re all like this, i didn’t search for the most expensive listing i could find: all new development listings are like this, market rate rent and high income requirements)https://twitter.com/fuelgrannie/status/1419493236343812098?s=20 …
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Hmmm, that's not even an MIH development though. That's a 421A development. The problems with that program are well documented and it very well might die in the legislature next year! MIH only has about 26 buildings so far and they're mostly in poorer communities so far
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Much of the issue seems to be that while progressives view developers as the enemy (they kind of are, but at least they want to actually produce something with social value), current landlords, whom developers are competing with, are unquestionably even more of an enemy
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I want developers to be focused entirely on production instead of having a side of land speculation, which is why I want to tax land
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this is what “affordable housing” will look like for soho noho too with the proposed rezoning: zero 3 bedrooms, only tiny expensive amenity-fee-heavy studios, perfect for professional transients