| Density |
Residential density was limited by the existing floor area ratio. Any additional density required rezoning |
Created the universal Affordability Preference allowing building in medium and high density areas (R6-R10) to add up to 20% more housing if the additional housing is income- restricted and affordable to households earning 60% of the Area Median Income |
Multifamily and mixed- use properties in medium and high density zoning districts (R6- R10) |
Allows owners to build more rentable or saleable square footage on the same lot. This increases unit count, revenue potential, land value, and making development more feasible not needing rezoning |
| Parking |
Developers were legally required to build parking stalls based on apartment units or commercial square footage
MManhattan below 96th street on the east side and 110th street on the West Side and portions of Long Island City |
Zone 1
• Parking mandates were 100% eliminated in the inner Transit Zone covering Manhattan, Long Island City, and other parts of western Queens and Brooklyn which are transit- dense
Zone 2
• Parking mandates are reduced or in some cases waived for small to medium sized residential buildings in the outer transit zone
Zone 3
• Parking mandates have not changed due to these areas having be the most transit- isolated. |
Affordable and Senior Housing
• No parking required
Commercial - to - residential
• Vacant commercial spaces converted to residential spaces do not require additional parking stalls
Town Center Developments
• Mix uses main street budding under 75 units do not require parking stalls |
Reduced Costs
• Construction of underground parking stalls in NYC can take anywhere from $60,000 - $100,000 per stall. Eliminating these osts make development sites more appealing to developers who already have high costs |
| Conversion Eligibility |
Building constructed after 1961, or outside the city’s largest office centers, have been unable to convert to housing. |
Expands non- residential conversions citywide, and moves eligibility date to 1991. This allows a wider variety of residential conversions. |
The buildings that were built between 1961 and 1991 will now be able to convert their properties to residential . |
Current owners facing vacant commercial spaces will now be able to convert these spaces to residential which gives more opportunity for redevelopment in areas where they may have needed rezoning to achieve. |
| Town- center provisions |
Zoning prohibits mixed- use buildings with apartments above stores on the street. |
Re- legalization of housing above businesses on commercial streets in low-density areas. |
New buildings would have 2,3 or 4 stores of homes above commercial ground floor, all depending on underlying zoning. |
This allows owners of small commercial- corridor properties to develop new residential units bringing in more revenue and customers for the community. |
