The New York City Council approved the rezoning of 441 and 467 Prospect Avenue in Brooklyn, modifying the Zoning Resolution to establish a Mandatory Inclusionary Housing (MIH) area. The rezoning changes the site from an R5B District to an R7-1 District, allowing the development of two 13-story residential buildings totaling approximately 248,000 square feet. The project includes 244 residential units, of which 61 will be permanently affordable under MIH. The proposal aligns with citywide efforts to expand housing opportunities, particularly in high-demand areas such as Windsor Terrace, Brooklyn.
This rezoning facilitates the creation of new residential development, including permanently affordable housing in a rapidly growing area of Brooklyn. The Mandatory Inclusionary Housing designation ensures long-term affordability while increasing housing supply.