Who is the typical family that will be helped by Inclusionary Zoning? How will they be helped?
The Campaign for Inclusionary Zoning proposes a sliding scale, so that units will be created for families at a range of incomes who need affordable housing. Programs around the country offer the affordable units at a range of 50% – 120% of area median income. In NYC, this would translate to families earning $20,000 – $70,000 per year. The program would set their rent or sales price at an affordable level, so that they would pay approximately 30% of their income for rent. As a result, they would pay rents ranging from $500 – $1,500 per month. These are families who are currently being priced out of the neighborhoods that are being re-zoning, and in many cases priced out of the city altogether. It is also possible to utilize Section 8 Housing Choice Vouchers to enable even lower income units to access affordable housing efficiently.
