Not a real estate guy here, given that real estate wants me to die

But it’s important to note that SoHo’s current housing stock is almost all luxury housing

This plan would be a step up, because of the part you left out: ~800 units of affordable housing for low income tenants
Because SoHo is in a hot market, the city would be able to require the units to be affordable at an average of 40% of AMI, which is real affordable housing.

I wouldn’t settle for anything else.
Note: if the city goes with 40% of AMI (Deep Affordability Option), it could bring the total number of affordable units down to 700. We need more information though.

But 40% of AMI is vital and nonnegotiable IMO!
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