From The Association

IPN Resolution
COMMUNITY BOARD #1 - MANHATTAN RESOLUTION

DATE: JANUARY 21, 2003

COMMITTEE OF ORIGIN: TRIBECA

COMMITTEE VOTE: 9 In Favor; 0 Opposed; 0 Abstained; 1 Recused

PUBLIC VOTE: 2 In Favor; 0 Opposed; 0 Abstained; 0 Recused

RE: Independence Plaza

WHEREAS: Independence Plaza North (IPN) is a mixed income, racially and ethnically integrated affordable housing complex that includes three high - rise buildings and approximately 4000 tenants, and

WHEREAS: Most tenants are neighborhood pioneers and have lived in IPN for 20 years or more, and

WHEREAS: Many IPN children have attended or are attending the neighborhood schools, and

WHEREAS: IPN is an important, vibrant and contributing part of the community, and

WHEREAS: IPN residents are now threatened with removal from the rent protections afforded them under the Mitchell-Lama program, and

WHEREAS: IPN is virtually the only affordable housing that remains in Tribeca and without rent protections, many of IPN's moderate and low income residents are at risk of having to leave their homes, and

WHEREAS: There is a current shortage of affordable housing in Lower Manhattan, and

WHEREAS: Mayor Bloomberg has proposed a vision which has a significant housing component including affordable housing in Lower Manhattan, now

THEREFORE BE IT RESOLVED THAT:
Community Board #1 strongly urges the city, state and federal governments, which are stakeholders in IPN, to preserve IPN as affordable housing for the benefit of current and future generations of Tribecans, and

BE IT FURTHER RESOLVED THAT:
City, State and Federal officials are urged to actively intervene in this matter and forge a fair and equitable resolution for the tenants and owners of IPN.

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