Thursday, March 25, 2010
Turning parking lots into affordable housing
New York City is in the process of selling underutilized parcels of land to developers who will build affordable housing. The city hopes to achieve about 6,000 new units through the process. Much of the land that is underutilized is surface parking lots, some of which are used by tenants of adjacent pubic housing. Converting surface lots into housing is a great way to infill development, though the city will unfortunately replace all lost parking in the new buildings. Maybe New York can lead the way for parking lot development everywhere.