NYC's 'City of Yes' Housing Plan Advances with $5B Boost and Compromises
TL;DR Summary
The New York City Council has approved a modified version of Mayor Eric Adams' 'City of Yes' housing plan, which includes a $5 billion funding commitment. The plan aims to create 80,000 homes over 15 years, down from the original estimate of 109,000. Key changes include a tiered system for parking mandates, funding allocations for housing and infrastructure, and adjustments to accessory dwelling units and transit-oriented development. The plan will now go to the City Planning Commission before a full City Council vote on December 5.
- NYC Council moves on compromise ‘City of Yes’ plan. Here’s what’s in and what’s out City & State New York
- Analysis: Mayor Gets the ‘W,’ But Council Turns His Zoning Plan into ‘City Of Yes … Sort Of’ Streetsblog New York City
- N.Y.C. Housing Plan Moves Forward With an Unexpected $5 Billion Boost The New York Times
- Altered City of Yes Housing plan passes 2 key City Council committees despite some vocal objections amNY
- Mayor Adams, NYC Council strike last-minute deal on sweeping housing plan amid historic crisis Gothamist
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