The Albion in Lawrenceville stands as a notable example of how inclusionary zoning can provide affordable housing options within luxury developments. Located in Upper Lawrenceville, this new building features a lobby reminiscent of a high-end hotel, complete with high ceilings, exposed brick walls, and large windows flooding the space with light. However, what makes The Albion exceptional is its commitment to affordability, as 10% of the apartments, totaling 27 units, are reserved for low-income residents.
Benefits of Inclusionary Zoning
Lawrenceville implemented its inclusionary zoning policy in 2019, mandating that new large-scale developments include affordable housing units. The city is now considering expanding this policy citywide. Advocates argue it is essential in addressing the community’s need for affordable housing. Conversely, some developers express concerns that such regulations could affect the construction of market-rate apartments.
Community Impact
Janine Rainaldi, a new resident of one of The Albion’s affordable apartments, previously struggled to find housing that accepted her low-income voucher. Her story mirrors that of many who have been unable to afford to live in tightening rental markets. “We are workers. We’re just trying to get by,” she stated.
Teheira Smith, another resident who returned to Lawrenceville after being priced out, expressed her gratitude for the opportunity to raise her family in the community again. Meanwhile, Beth Fagan recounted her search for accessible housing for her and her adult son with autism, emphasizing the significant need for affordable options.
Demographics and Accessibility
Residents of the affordable units must earn at or below 50% of the area’s median income. For a single-person household, this is approximately $37,600 annually, and about $43,000 for two-person households. The inclusion of these affordable units has brought a diverse socioeconomic mix to The Albion, a feature praised by community advocates.
- Affordable Apartment Statistics:
- Total affordable units: 27
- Eligibility: Income below 50% of the area median
- Median income for single household: $37,600
- Median income for two-person household: $43,000
- Market-Rate Apartments:
- Rent range: $1,500 to over $4,000 monthly
The Albany’s amenities include a fitness center, sauna, and rooftop terrace, all constructed to the same quality standards, highlighting the developer’s commitment to equality among all residents. As the neighborhood celebrates the building’s opening, leaders and residents alike advocate for further initiatives aimed at ensuring affordable housing remains a priority in Lawrenceville and beyond.
