REBNY Responds to News Regarding Inwood Rezoning

In response to news that the New York Court of Appeals has declined to hear the case against the Inwood rezoning – which in turn means the rezoning can proceed – REBNY President James Whelan released the following statement:

“This is good news for Inwood and for the entire City. The thoughtful, community-driven Inwood rezoning plan will produce or preserve approximately 5,000 below-market rate homes, create thousands of good jobs, strengthen the neighborhood and spark much-needed economic activity as New York City continues to confront unprecedented economic challenges.”

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ABOUT THE REAL ESTATE BOARD OF NEW YORK

The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.REBNY.com.