100 Ideas for New Paltz

27. lower rent

According to the 200 census, the Village of New Paltz has a .46% vacancy rate for rental housing. Studies have shown that a community needs at least a 5% vacancy rate to avoid inflation of housing prices. At a 5% rate, land-lords have to compete for tenants just enough that they maintain their properties better and keep prices reasonably low and affordable. Using development of high-density, mixed use neighborhoods, build enough new housing to establish a 5% vacancy rate.

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89. set a minimum amount of affordable housing

Posted in affordable housing, planning and construction by Jason West on June 11, 2009

Require all new development to include 15% of units as affordable housing

90. define “affordable”

Posted in affordable housing, planning and construction by Jason West on June 11, 2009

Define “affordable” as a housing price that is no more than 30% of the income of someone making 50% or less of average median income of Ulster County.