Developers can finally start building senior housing under a new city program

Developers will soon be able to move forward with projects under
a program that grants density and height boosts in exchange for
setting aside housing for seniors in their buildings. The
Department of Housing Preservation and Development plans to issue a
term sheet for privately financed senior housing projects under the
Affordable Independent Residences for Seniors program. AIRs, which
launched in March 2016 as part of the Zoning for Quality and
Affordability text amendment, allows […]

Source: FS – All – Real Estate News 2
Developers can finally start building senior housing under a new city program