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If the game show “Family Feud” asked contestants to name “things that scare people,” they might say horror movies, spiders and the dark. But in progressive neighborhoods of New York City, “market-rate condos” would make the list. Many debates over whether to rezone for mixed-income multifamily boil down to, “Well, if we do nothing, they’ll build market-rate condos” — “luxury units” that “nobody can afford” and would “price out” longtime residents. A true boogeyman. Usually a deal is reached for a mix of market-rate and affordable rentals, and people move on with their lives. But sometimes, negotiations fail and a […]

This article originally appeared on The Real Deal. Click here to read the full story.

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