The green outline shows Speaker Christine Quinn’s proposed 421-a exclusion zone in northern Brooklyn–the area within which developers would need to include on-site affordable housing in order to qualify for tax breaks.
Currently, the exclusion zone covers only well-established neighborhoods (West Village, the Upper East and West Sides), where an automatic 421-a tax abatement for new multifamily housing (which is what the rest of the city currently enjoys) would seem too much of a giveaway. Adding in Billyburg makes sense (as well as Park Slope-Fort Greene-Downtown Brooklyn, of which you can see a greenish corner at the bottom).
But that two-block strip along Broadway, which goes through the southern part of Bushwick all the way to Eastern Parkway? Has that become a condo corrider? Or is anti-developer sentiment so strong in those parts that City Council members Diana Reyna and Eric Martin Dilan wanted a little piece of that green to cut into their districts?
– Matthew Schuerman