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Re: Bill would require more affordable housing in Downtown Jersey City
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jsqfunk wrote:
Asking a question with all the peace and love I can transmit in an Internet forum
is there a real world example where “affordable housing laws” cteated affordable housing on a systemic basis?


Not that I've ever heard, and this is an interest of mine.
It's a corollary of "highway projects never ease traffic on the existing roads." And the Jersey Avenue Bridge is definitely not going to ease traffic in Bergen Lafayette.

It's actually kind of funny and counter historical that we have the highest density in the fanciest neighborhoods of JC and lower density in the poor. That's how much we've screwed this up!

Posted on: 4/26 18:28
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Re: Bill would require more affordable housing in Downtown Jersey City
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Asking a question with all the peace and love I can transmit in an Internet forum
is there a real world example where “affordable housing laws” cteated affordable housing on a systemic basis?

Posted on: 4/26 12:16
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Re: Bill would require more affordable housing in Downtown Jersey City
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Isn't this the same development, where the developers were allowed to build 5 stories higher because it included affordable apartments?
Weren't there 1000 applications for the 87 affordable rate apartments?
Just wondering.

Posted on: 4/25 8:16
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Re: Bill would require more affordable housing in Downtown Jersey City
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brewster wrote:
Rescind the abatement, and change the R-1 zoning in the whole city to allow builders to create affordable housing all over. It would not cost much more for a developer to build 12 units on a double lot instead of 2 "Bayonne boxes" with 4 huge and expensive homes. This is how free markets work. Don't let NIMBYs control the future of this city!


This is the answer but no one has the balls to do it.

Posted on: 4/24 21:44
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Re: Bill would require more affordable housing in Downtown Jersey City
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Rescind the abatement, and change the R-1 zoning in the whole city to allow builders to create affordable housing all over. It would not cost much more for a developer to build 12 units on a double lot instead of 2 "Bayonne boxes" with 4 huge and expensive homes. This is how free markets work. Don't let NIMBYs control the future of this city!

Posted on: 4/24 21:00
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Re: Bill would require more affordable housing in Downtown Jersey City
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Affordable housing expansion in Downtown Jersey City hits snag

By Terrence T. McDonald tmcdonald@jjournal.com
The Jersey Journal

JERSEY CITY — A much-ballyhooed effort by Mayor Steve Fulop's administration to increase affordable housing options in the city's upscale Downtown neighborhoods is running into trouble.

The developers behind a planned 35-story, 432-unit tower on Marin Boulevard originally slated to include 87 affordable apartments may have zero, with the developers saying they can't build the affordable units without a state tax break that is no longer available. They are asking the city council to tear up the 25-year tax break it awarded the project in 2015 and allow the developer to proceed with a 100 percent market-rate tower.

City spokeswoman Hannah Peterson said the city had only two options here: approve a more lucrative abatement to make up for the lost state tax break, or rescind the abatement and allow the developer to pay conventional taxes.


http://www.nj.com/hudson/index.ssf/20 ... n_downtown_jersey_ci.html

Posted on: 4/24 20:22
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Bill would require more affordable housing in Downtown Jersey City
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Bill would require more affordable housing in Downtown Jersey City

JERSEY CITY -- Developers who receive tax breaks for market-rate housing Downtown will have to set aside 15 percent of their developments as affordable housing under a plan set for initial approval by the City Council this week.

The move is the latest by Mayor Steve Fulop's administration to force developers building housing in the city's wealthiest neighborhoods to build units for residents of lesser financial means.

Fulop has already awarded three long-term tax breaks to high-rises with 80 percent market-rate units and 20 percent affordable. And two weeks ago the council unanimously adopted a measure that requires Jersey City residents be given preference when tax-abated affordable housing units go on the market.

http://www.nj.com/hudson/index.ssf/20 ... le_housing_in_downto.html


Posted on: 2017/5/22 21:50
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