A new report recommends axing a law that restricts the size of residential buildings as an avenue for creating more affordable housing. The Regional Planning Association suggests repealing a 1961 state law that limits the square footage of residential buildings to 12-times their lot size, Crain’s reported. The report argues that lifting the cap in wealthier and whiter areas — like Tribeca, Midtown, the Financial District and the Upper West and East sides — would open the door for more housing in transit- and job-rich areas. “This would help transit-oriented development, diversify wealthy areas and provide real affordable-housing options, and it does it without a public subsidy,” Moses Gates, director of community planning and design for the RPA, told Crain’s.
Source: Kathryn Brenzel