NYC Embraces 'City of Yes' to Boost Affordable Housing Options

1 min read
Source: Business Insider
NYC Embraces 'City of Yes' to Boost Affordable Housing Options
Photo: Business Insider
TL;DR Summary

New York City has legalized accessory dwelling units (ADUs) in certain neighborhoods as part of broader housing reforms aimed at addressing the housing shortage. ADUs, which include backyard cottages and converted basements, offer affordable housing options and can increase property values. While ADUs are gaining popularity across the US, challenges such as construction costs and regulatory hurdles remain. Fourteen states have legalized ADUs, with California leading the way, but local regulations can still impede widespread adoption.

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