New York City’s zoning framework allows developers to build or increase residential floor area in exchange for permanent affordability commitments.
- Universal Affordability Preference (UAP)
- Applies to new construction, preservation, and conversions.
- Units must average 60% AMI across no more than 3 income bands.
- Requires restrictive declaration and completion certification with HPD.
- Mandatory Inclusionary Housing (MIH)
- Requires 20–30% of floor area to be affordable.
- Offers four AMI options (40–115% AMI).
- HPD restrictive declaration and completion certification required.
- Voluntary Inclusionary Housing (VIH)
- Bonus of up to 3.5:1 for affordable floor area.
- Bonus transfer limited to specific community districts or within 0.5 miles.
- Varies by location of “Generating Site.”