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ARTICLE · 30 MAY 2026

Monitor Point Is A Housing Plan NYC Needs

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As New York City grapples with a historic housing crisis and rental vacancies at their lowest point in over 50 years, a former housing commissioner makes the case for a controversial Brooklyn development that promises affordable housing, waterfront access, and community improvements. The debate centers on whether blocking imperfect projects worsens the crisis or whether the city should demand more from private developers seeking upzoning approvals.

United StatesReal Estate and Construction
Louise Carroll
Louise Carroll
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Real Estate Partner Louise Carroll, Affordable Housing and Community Development Co-Chair, authored an op-ed article for the Daily News about the Monitor Point project in Brooklyn, a proposed upzoning under the city’s Mandatory Inclusionary Zoning program (MIH) that the New York City Council (Council) is currently debating.

"When I ran NYC's Department of Housing Preservation and Development, I learned something that no amount of capital can change: the city cannot build its way out of this crisis alone," Louise wrote. "Even at $1.4 billion a year in housing capital, public dollars do not go far enough, fast enough, or to enough places. Nearly every affordable apartment New Yorkers actually move into is the product of a partnership between the public sector and a private developer willing to take on real risk." She added that, according to NYU's Furman Center, which advances research on housing neighborhoods and urban policy, "land use changes, especially upzonings, help drive new

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