Zoning and New Housing

Today's Report...
Zoning and New Housing
The massive rezoning carried out by the Bloomberg administration between 2003 and 2007 has created some new housing in the city but the effects vary from borough to borough, according to a new report by NYU’s Furman Center for Real Estate and Urban Policy. The zoning changes increased the city’s capacity for new residential building by 1.7 percent, or roughly 100 million square feet of residential capacity, with Queens gaining the most and the Bronx showing no change. The report also found discrepancies in which areas were upzoned, allowing for greater density, and which ones were downzoned. The administration has tended to allow greater density in black and Hispanic areas while reducing or maintaining it in white neighborhoods.

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