City of Yes housing plan up in the air as officials debate parking and funding

With less than a day left to reach a deal on Mayor Eric Adams’ legacy-making City of Yes housing plan, complex negotiations were continuing Wednesday afternoon ahead of a key vote on Thursday.After months of public review and combative rhetoric from supporters and detractors, the plan to loosen zoning rules in order to build as many as 109,000 homes now lies in the hands of a small group of officials from the City Council speaker’s office, the Department of City Planning and the office of First Deputy Mayor Maria Torres-Springer. They must finalize an agreement before a vote by the council’s zoning subcommittee scheduled for Thursday morning.The plan is expected to pass the full council in some form next month, but it could be weakened significantly if the council makes major changes. At least one big change has already been incorporated: Rather than fully eliminating the existing policy that requires minimum numbers of parking spaces in new developments in much of the city, the final plan will likely create three different zones in which parking mandates will either be eliminated, reduced or kept mostly intact, depending on factors like the zone’s transit access, a person familiar with ongoing talks told Crain’s.By Wednesday afternoon, officials were still debating where each zone should be and how much parking should be required in each one. Changes are also likely for another contentious proposal: permitting small “accessory dwelling units” in basements and garages.... Continue reading at 'Crains New York'

[ Crains New York | 2024-11-20 21:13:58 UTC ]
News tagged with: #somos conference #puerto rico #federal aid #somos

Other news stories related to: "City of Yes housing plan up in the air as officials debate parking and funding"

Borders secures funding but doubts remain over future

Written By: Graeme Neill Borders has finally secured an agreement for fresh funding, with GE Capital providing $550m of new cash, but only if publishers stump up $125m. Publishers Weekly reports the troubled retailer has said for the first time that it doesn't rule out the possibility of... Continue reading at The Bookseller