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February 23, 2011

Gotham Gazette: CPC's New Domino plan prompts criticism of affordable housing policy, but loan recipients offer pragmatic support

Atlantic Yards Report

In Gotham Gazette, Brian Paul, a fellow at the Hunter College Center for Community Planning & Development, writes critically of the city's trickle-down affordable housing policies, and Community Preservation Corporation (CPC), the lead developer on the New Domino.

Not only has CPC been willing to partner with some questionable developers--the New Domino is not the first relationship with Isaac Katan--but it has focused on (mostly) luxury development on the fringe of gentrification, with its affordable housing lending concentrated in poor neighborhoods.

(A more detailed study in Williamsburg, from 2007, concluded that inclusionary zoning—which provides increased development rights in exchange for including affordable housing—has worked well on waterfront parcels, but not on smaller upland parcels.)

An AY parallel

In July 2007, I noted Some AY echoes in Williamsburg's New Domino plan (& hype). Paul's analysis suggests another parallel, that with ACORN, which argued that it was pragmatically pursuing an imperfect deal with a developer.

Critics, however, might argue that ACORN was compromised by accepting money from the developer.

link

Posted by eric at February 23, 2011 10:06 AM