Say this for Shaun Donovan: If he succeeds in his bid to become mayor of New York City, he would never need aides to explain terms like AMI, MIH and FAR.
Housing jargon has been second nature to Donovan, 55, for his entire career, as he noted in a Zoom interview with The Real Deal last week. Donovan was commissioner of the city Department of Housing Preservation and Development under Mayor Michael Bloomberg and Secretary of Housing and Urban Development under President Obama.
Whoever becomes the city’s next chief executive will need to understand such terms to make a dent in its seemingly endless housing crisis.
Less certain is whether knowing those acronyms (in case you’re wondering: area median income, mandatory inclusionary housing and floor-area ratio) will help him win the election, which figures to be decided in June’s Democratic primary.