New York Mayor Eric Adams is making sweeping changes to the city’s residential zoning laws to build 100,000 NEW homes over commercial areas and near subway stations
- Adams proposed changes to address New York City’s housing crisis
- Reforms would make it easier for developers to build new homes
- The Big Apple is plagued by homelessness and an influx of migrants
New York City Mayor Eric Adams unveiled a comprehensive plan to address the city’s housing crisis, paving the way for the construction of 100,000 new homes in the Big Apple.
Adams announced the largest housing renovation in decades at the Borough of Manhattan Community College on Thursday.
His “groundbreaking” plans could include lifting building restrictions around subway stations and above laundromats, bodegas and single-story residential units, allowing expansions of up to five stories.
New buildings could be much larger if they include affordable housing, single- and two-family homes could be given the green light to convert basements, attics and garages into apartments, and the red tape surrounding the conversion of office buildings could be reduced.
“One thing that hasn’t changed much since 1961 is New York City’s zoning laws,” Adams said. “Many of the problems we face are rooted in the ongoing housing crisis.”
The proposals will provide relief to a city desperately in need of affordable housing to accommodate an influx of migrants – of which the city has already welcomed 110,000 – and a growing homeless population.
Eric Adams announced sweeping housing reforms after being criticized over his handling of the refugee crisis
Adams wants to rewrite the current rules that have limited housing growth in NYC after U.S. Census data showed a staggering 404,750 people left the city between 2020 and 2022.
If Adams gets his wish, the new proposals would allow construction on almost every corner in New York City.
“This is not a side note, this is groundbreaking – in the truest sense of the word – by rewriting the injustices of history,” Adams said.
More than 110,000 asylum seekers have arrived in the city since spring 2022, and more than 10,000 are currently arriving every month.
A recent study found that homelessness in New York City is up 18 percent compared to last year, with a total of 4,042 people sleeping on the subway or on the streets.
“By rewriting the injustices of history, this plan will allow us to build a little more housing in every neighborhood, incentivize affordable housing, build more housing near transportation hubs, convert unused office space into apartments, our business corridors “To innovate and help small homeowners.” “Build better spaces on their property and ultimately prioritize people over parking,” the mayor said.
One proposal would allow up to five-story apartment buildings to be built atop laundromats and bodegas in some neighborhoods outside Manhattan, where it is currently banned.
Adams also wants to make it easier for single- and two-family homes to convert spaces like basements, attics and garages into apartments — freeing up unused space that already exists in the city.
He also wants to allow larger developments in the city if they offer affordable housing and wants to eliminate the need for parking spaces for new buildings, which has held back many developers in the past.
Since spring 2022, more than 110,000 asylum seekers have arrived in the city
Adam’s plan would change zoning laws and allow over 100,000 homes to be built
New York City is facing a growing homeless population, due in part to a lack of affordable housing
If his plans go ahead, it would be easier for developers to convert office space into apartments and smaller apartment sizes would be legalized.
As radical as the plans for the city may be, they could take years to come into effect and must be approved by the city council.
During the election campaign, Adams promised to address the housing crisis, but so far his previous housing projects have failed.
Restate firm Douglas Elliman reported that the average rent in Manhattan was $5,552 in August.
The National Low Income Housing Coalition said there is a shortage of 655,940 affordable and available rental homes in New York for extremely low-income renters.