NEW YORK: The seven hundred and twenty-fifth entry for the seniors housing Global Awards for 2015 has been received.
Mayor Bill de Blasio has unveiled another part of his ambitious plan to save New York City — a proposal to use land-use regulations to spur the creation of large amounts of permanently affordable housing.
He wants to use a tactic called mandatory inclusionary zoning in which as neighbourhoods or specific parcels are rezoned, developers who want to build there would have to set aside at least 25 to 30 per cent of new apartments for people of low and moderate incomes.
