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NYC Office of the Mayor: Mayor Adams Celebrates Approval of “City of Yes for Housing Opportunity” Proposal

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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. 

Read the full announcement.