The Affordable Independent Residences for Seniors (AIRS) Program grants a zoning bonus to developers who include permanently affordable housing for seniors in their projects. This incentive encourages the creation of safe, accessible homes for older adults while allowing larger and more financially viable developments. Metropolitan Realty Exemptions helps ensure that projects meet all eligibility and compliance requirements to secure these valuable benefits.
AIRS addresses the growing need for affordable senior housing in New York City by allowing increased floor area for qualifying developments. This initiative supports independent living for seniors while promoting community stability and responsible development.
The AIRS Program applies to:
Developers must commit to long-term affordability and meet design specifications tailored to senior living.
AIRS offers both social and financial value:
AIRS is a key opportunity for developers to support senior housing while increasing the development potential of their sites. With Metropolitan Realty Exemptions guiding the approval and compliance process, your project can unlock a valuable floor-area bonus while making a meaningful contribution to New York City’s aging population.
Connect with Metropolitan Realty Exemptions today to maximize the benefits of the AIRS Program and ensure successful, compliant delivery.