Posts

Showing posts with the label housing

Adams Touts Massive Housing Push in State of City Speech Aimed at Families

Image
  Alongside grand ambitions to build 100,000 new places to live just in Manhattan, the mayor said he also wants to expand various programs for youth. This article originally appeared in The City. By  Katie Honan NEW YORK - Mayor Eric Adams presented his fourth and possibly final State of the City address Thursday in Harlem, sharing a vision — but scant details on how — to make it easier to raise a family in the five boroughs.  As he walked out on stage at the Apollo Theater, the mayor rubbed the famous Tree of Hope stump for good luck , then rattled off a slew of ideas from building more housing to helping kids learn to swim.  “Extreme costs are forcing too many people, especially working class families, to make hard choices: between groceries or child care, medicine or clothing, making the rent or moving out,” Adams said, as he acknowledged the city’s issues.  Adams, who’s been in office for three years, ...

Council Approves Adams’ ‘City of Yes’ Housing Agenda, With Many ‘No’ Votes

Image
Gov. Kathy Hochul and Mayor Eric Adams celebrate at City Hall the Council passing the City of Yes housing plan, Dec. 5, 2024. -Photo by Ben Fractenberg/THE CITY Splitting 31 to 20, those voting in favor cited the high cost of housing, while opponents raised concerns about funding and who will ultimately benefit.  This Article originally appeared in The City.  By Samantha Maldonado Follow @x NEW YORK - A divided City Council gave the go-ahead Thursday on an update of the city’s zoning codes projected to create new capacity to construct up to 80,000 new residences over the next 15 years. The Council voted 31 to 20 to advance Mayor Eric Adams’ City of Yes for Housing Opportunity agenda — with some members saying they were moved to approve the package after obtaining concessions from the mayor’s original plans. The overhaul aims to address a housing shortage that has given New York City its lowest rental vacancy rate since ...

How Parking Will Drive the Coming Adams-Council Housing Development Deal

Image
  Eliminating mandates to create spots for cars is key to creating more apartments in the mayor’s sweeping City of Yes proposal heading to a crucial vote Thursday — but a compromise that could halve new housing is in the works.  This article originally apeared in The City. By  Samantha Maldonado NEW YORK - Parking has emerged as a central focus of negotiations on Mayor Eric Adams’ sweeping package of proposed development reforms ahead of a crucial City Council committee vote last Thursday. The City of Yes for Housing Affordability proposal, which aims to ease up rules to spur more residential development, is projected to create between 58,000 and 109,000 new units of housing over the next 15 years. But realizing those numbers largely depends on a part of the proposal that eliminates requirements for developers to build specified numbers of parking spots. Whether — and where — to mandate parking or to make it optional is in flux as Council membe...
New York Yellow Pages