Government
Mayor’s Proposed Affordable Housing Bonus Would Target ‘Range of Incomes,’ Officials Say
Chris Janaro |
Mayor Adams’ ‘City of Yes’ housing proposal includes a 20 percent density bonus for developers—if the additional units are income-restricted. While City Hall has yet to finalize exact affordability levels, officials said they would be aimed at households that earn lower than 80 percent of the Area Median Income, roughly $101,680 for a family of three.