New York City Inclusionary Housing Program

The New York City Inclusionary Housing Program is a policy designed to create affordable housing within new residential developments. It requires developers to set aside a portion of units for low- and moderate-income households. In exchange, developers receive incentives, such as increased building density or zoning allowances. This program aims to integrate affordable housing into neighborhoods, promote economic diversity, and address the city's housing crisis by providing more accessible homes for a range of income levels while allowing developers to benefit from enhanced project viability.