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Soho No Ho Artists Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SoHo/NoHo Rezoning Application Certified by the City Planning Commission | Stroock & Stroock & Lavan LLP

Base Heights between 85-145 feet Maximum Height of 205 feet Opportunity Areas will be mapped with M1-5/R7X zoning, providing the following bulk regulations: Residential FAR of 6.0 Community Facility FAR of 6.5 Base Heights between 60-105 feet Maximum Height of 145 feet Residential Use: Residential use will be permitted as-of-right both commercial-to-residential conversions and new construction will generally be permitted.  In addition, MIH will be required in most instances of new residential floor area, and the text proposes two options for MIH development:  (1) 25% of residential floor area must be for affordable housing units for residents with incomes averaging 60% Average Median Income (“AMI”), and (2) 30% of residential floor area must be for affordable housing units for residents with incomes averaging 80% AMI.  Importantly, the MIH requirement applies to any zoning lot with 12,500 square feet of

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