New York City’s Mayor Eric Adams has announced a comprehensive plan to address the city’s housing shortage and construct 100,000 new homes within the next ten years. The proposed changes include eliminating parking requirements for new residential developments, offering zoning incentives for developers to create affordable units, streamlining office-to-residential conversions, legalizing accessory dwelling units (ADUs), allowing three- to five-story buildings near subway stations, and permitting single-room occupancy (SRO) buildings.
According to Adams, these are the most significant zoning changes since the city’s code was established in 1961 and aim to alleviate housing shortages and high rent prices. The proposals will undergo thorough reviews including scoping and environmental assessments as well as public meetings before being reviewed by the City Planning Commission. A potential vote by City Council could take place next fall.
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