Category: 421-a

Mixing incomes or mixing missions? Part 3, political principles

7 October, 2011 (09:00) | 421-a, Affordability, Apartments, Development, Inclusionary zoning, Income mixing, Markets, New York City, NIMBY, Rent control, Rental, Tax abatement, Zoning |

[Continued from yesterday’s Part 2, and the preceding Part 1.]   By:David A. Smith   So far, in guiding the reincarnated John Locke through New York City’s Section 421-a tax abatement program for development and affordable housing, we identified and to some degree untangled the policy principles which inspired 421-a and the real estate principles […]

Mixing incomes or mixing missions? Part 2, real estate principles

6 October, 2011 (11:15) | 421-a, Affordability, Apartments, Development, Inclusionary zoning, Income mixing, Markets, New York City, NIMBY, Rent control, Rental, Tax abatement, Zoning |

[Continued from yesterday’s Part 1.]    By:David A. Smith   Yesterday we dove deep into Emerald Green Apartments, a New York City 80/20 (80% market, 20% affordable) benefiting from a Section 421-a tax abatement, without which it was not economically feasible, and asked ourselves one of many things the New York Times didn’t ask: how […]

Mixing incomes or mixing missions? Part 1, policy principles

5 October, 2011 (11:40) | 421-a, Affordability, Apartments, Development, Inclusionary zoning, Income mixing, Markets, New York City, NIMBY, Rent control, Rental, Tax abatement, Zoning |

By:David A. Smith   What, I wonder, would John Locke have thought of 421-a?   Government has no other end, but the preservation of property. – John Locke   Too liberal for John Locke?   The New York Times didn’t ask, even though it would naturally arise when pondering the curious propinquity of rich and […]