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Board members push for neighborhood study and 197‑a plan as AMI mismatch and homeownership gaps sharpen concerns
Summary
Community Board 11 members discussed a mismatch between neighborhood incomes and citywide Area Median Income (AMI), urged a formal neighborhood study or a Section 197‑a master plan, and raised concerns about a persistent shortage of co‑op/condo homeownership options.
Community Board 11 members told the committee they need a targeted neighborhood study or a Section 197‑a plan to guide land use and housing strategy, saying citywide metrics do not reflect local affordability and that few ownership opportunities exist in recent development.
"It's a 197‑a plan," said Nate Heffron, the Department of City Planning liaison, explaining that Section 197‑a of the New York City Charter authorizes community boards to prepare an optional master plan for their…
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