Sentences with phrase «insert affordable units»
Mayor Bill de Blasio, however, was a supporter of the project — seeing it as a test case for his new mandatory inclusionary zoning policy, which requires developers to insert affordable units into new developments as a precondition for construction.
http://observer.com/ Not exact matches
The Empire State Development Corporation inserted a clause into its lease proposal with Ratner that would allow the developer to bail on the construction of 2,250 affordable units, by claiming that such construction would be «subject to governmental authorities making available... affordable housing subsidies,» the Brooklyn Paper reported.