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CB2 committee signals support for 126 Lafayette MIH application; developers to seek tax abatement
Summary
The CB2 Land Use and Housing Committee on Sept. 10 signaled advisory support for a Mandatory Inclusionary Housing application for a proposed mixed‑use building at 126 Lafayette Street that the developer says would include 99 units, 25 of which would be affordable.
The CB2 Land Use and Housing Committee on Sept. 10 signaled advisory support for a Mandatory Inclusionary Housing (MIH) application for 126 Lafayette Street, a proposed mixed‑use development that the project team said would contain 99 residential units, including 25 affordable apartments.
The project team — led by attorney Ting Packa of Adler & Stachenfeld and representatives of High Street Residential — told the committee the building would provide 74 market‑rate and 25 affordable units (about 25.5% of the total) under MIH Option 1. The affordable portion, the presenters said, would meet the MIH unit‑type requirements by allocating a majority of the affordable apartments as two‑bedrooms and distributing affordable units across most residential floors.
Committee members said they appreciated the addition of affordable units but pressed the team on several technical points, including unit mix, FAR, on‑site…
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