The Traderszone Network

Published in TZ Latest News 16 September, 2016 by The TZ Newswire Staff

The MIH pushback is causing major anxiety for developers

New York City’s 50-year-old zoning resolution is thousands of pages long, but the biggest headache for developers today doesn’t involve wading through the regulations. Rising tension over how to interpret — and implement — Mayor Bill de Blasio’s signature housing act, known as Mandatory Inclusionary Housing, is pitting interests from City Hall, the city council and its constituents against one another. That unrest is causing anxiety for developers and stalling projects.

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