In a 5-0 decision, an appellate court reinstated the city’s rezoning of Inwood, reversing a lower court’s December ruling and delivering a key victory to developers and the de Blasio administration. The five-judge panel ruled that the City Council “acted properly, and consistently” in approving the Manhattan neighborhood’s rezoning, The Real Deal first reported.
- The backdrop: The City Council in August 2018 approved Inwood’s rezoning, which was projected to add 5,000 units of affordable housing and bring $200 million in city funds to the neighborhood. But in December, New York Supreme Court Justice Verna Saunders nullified the rezoning, ruling in favor of neighborhood groups that argued the city should have forecast the policy’s socioeconomic impacts. The city appealed, with developers filing an amicus brief.
- Why it matters: This case was always bigger than Inwood, and the ruling paves the way for exactly the sort of investments in affordable housing and other essential community benefits across the city that are needed.
- Heard on the Street: Joy Construction’s Eli Weiss: “It proves two things: The rezoning was done properly from the get-go, and from a public policy point of view, that affordable housing and economic development are crucial to the city’s future. He added, “This is the first time in the pandemic that I feel happy.” [TRD]