New York mayor plays hardball on affordable housing and wins

A 3 million-square-foot mixed-use development in Brooklyn’s trendy Williamsburg neighborhood will include 700 affordable housing units instead of 660, after newly elected New York City Mayor Bill de Blasio “stared down Brooklyn developer Jed Walentas, and Walentas blinked,” Capital New York’s Dana Rubinstein reports.

De Blasio, who won support from real estate interests campaigning as a “pro-development progressive,” is out to build or preserve 200,000 units of affordable housing in the next 10 years. Source: capitalnewyork.com.