Council, Adams reach $5B deal on City of Yes housing plan

The City Council advanced but weakened Mayor Eric Adams’ City of Yes housing plan in a last-minute deal ratified on Thursday in two committee votes. As part of the agreement, the administration committed to spending $5 billion on affordable housing programs and infrastructure improvements.Many of the wide-ranging zoning reforms will remain largely intact, but the most contested proposals will be scaled back in response to criticism from outer-borough lawmakers — meaning City of Yes will now allow for some 80,000 homes, down from the roughly 100,000 units that were previously forecast, officials said.Under the deal, reached Thursday after weeks of negotiations, small accessory dwelling units in backyards and garages would be legalized in much of the city — but restricted in a few low-density districts in the outer boroughs. (ADUs were expected to generate about one-third of the new housing enabled by City of Yes.)And the mandates that require parking spaces to be included in new developments will be preserved in Upper Manhattan and chunks of the outer boroughs, instead of eliminated citywide as City of Yes had first proposed. Council members from low-rise neighborhoods had pushed to keep those mandates, even as planners warned that the rules ramp up the cost of building and would make it harder for other parts of the plan to work. (Notably, in all zones, parking mandates will not apply to the kinds of developments most hamstrung by the mandates, including ADUs, office... Continue reading at 'Crains New York'

[ Crains New York | 2024-11-21 19:06:35 UTC ]

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