NEW YORK – New York City Mayor Eric Adams and New York City Department of City Planning (DCP) Director and City Planning Commission (CPC) Chair Dan Garodnick today celebrated the CPC’s vote to approve “City of Yes for Housing Opportunity,” a historic zoning proposal to enable the creation of a “little more housing in every neighborhood.” As New York City faces a generational housing crisis with just a 1.4 percent rental vacancy rate, the proposal would allow for the creation of up to 108,850 new homes over the next 15 years. City of Yes for Housing Opportunity will head to the New York City Council for a hearing and final vote before the end of the year.
“Today, the City Planning Commission listened to the voices of countless New Yorkers and said, ‘yes’ to the ‘City of Yes for Housing Opportunity,’” said Mayor Adams. “New Yorkers cannot afford to wait any longer. With a 1.4 percent vacancy rate and the rent being too damn high, families are getting priced out. The only way to solve this crisis is to build more. Now, it is time for the City Council to meet the moment. I urge councilmembers to join New Yorkers in supporting this proposal and building a future that’s more affordable for working-class families, that provides peace of mind for older adults who want to age in place, and that allows our young people to live comfortably in the greatest city on the globe. That starts with them saying ‘yes’ to this once-in-a-generation housing proposal.”
“Far too many New Yorkers have never been able to afford stable housing, yet this is the foundation upon which stable lives are built. At Project Renewal, one of the city’s largest homeless services providers, we see the consequences of this failure every day. Housing instability is deeply intertwined with other challenges like mental illness, substance use disorders, and criminal justice involvement,” said Eric Rosenbaum, president and CEO, Project Renewal. “The ‘City of Yes for Housing Opportunity’ delivers meaningful opportunities to create affordable housing that can set New Yorkers up for success, making our city a fairer, safer, and more vibrant place to live and work.” Read the full announcement.
