Inclusionary Zoning: Creating Equity and Lasting Affordability in the City of Buffalo, New York
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Buffalo Inclusionary Housing Commission
The City of Buffalo is experiencing fast-rising rents and housing prices in the midst of severe and growing poverty. New housing is being built, with generous subsidies from the taxpayers, but most of it is luxury or market-rate apartments and condominiums. Far from aiding the affordability crisis, this new development is worsening it, particularly in neighborhood such as downtown, the West Side and Fruit Belt, where gentrification is underway and displacement of lower income tenants is on the rise. The real estate market is dividing Buffalo into neighborhoods of prosperity and neighborhoods of concentrated poverty, with relatively few mixed income areas. It is essential that city government takes action to prevent increased socio-economic segregation.
Buffalo; Economic Development; Arts/Culture; General; Report; Other