PRESENTATION
Conclusion and expected outcomes of the City of Yes proposal
1:14:17
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129 sec
Garodnick concludes his presentation by summarizing the key aspects of the City of Yes for Housing Opportunity proposal and its expected outcomes. He emphasizes the proposal's comprehensive approach to addressing New York City's housing crisis.
- The proposal aims to allow for a little more housing in every neighborhood, offering more housing types for a range of New Yorkers
- It's expected to create significantly more affordable housing through the Universal Affordability Preference
- The plan is designed to reduce pressure on gentrifying neighborhoods by distributing housing production more evenly across the city
- Garodnick highlights the proposal's support for homeowners through Accessory Dwelling Units and its alignment with sustainable, transit-oriented development
- He presents the City of Yes initiative as a crucial step in addressing the city's housing shortage while promoting fairness and sustainability
Daniel Garodnick
1:14:17
The grand finale here, let me just move to the next slide.
1:14:26
So it's notable that the question about housing supply, housing production, housing need has become a defining national issue.
1:14:38
It is part of the presidential campaign and an important one.
1:14:44
Next slide.
1:14:47
And the city council, to your great credit, created a fair housing framework calling for building more homes across New York City, madam speaker, despite the look on my face there, I'm very happy to be there with you.
1:14:58
And this was important because it was a recognition.
1:15:03
It was a recognition of where we are and where we need to be as a city, so we really appreciate the council's leadership on this.
1:15:10
Next slide.
1:15:14
How will CityVS get there?
1:15:15
Well, we'll allow for a little more housing in every neighborhood, more housing types for the full range of New Yorkers.
1:15:21
Create significantly more affordable housing through our universal affordability preference, the 20% bonus in medium and high density areas, reduced pressure on gentrifying neighborhoods.
1:15:30
Again, reminding you that 10 community districts produced as much housing as the other 49 combined, which creates real gentrification, displacement pressures in those 10, ending exclusionary zoning in low density areas while opening the door a little bit to what we regard as very modest sorts of multifamily opportunities on specific specific sites.
1:15:52
Providing accessory dwelling units that support homeowners and multigenerational families.
1:15:56
It's worked in other parts of the country.
1:15:58
It should work for New York City homeowners.
1:15:59
We want them to have the opportunity to do that and supports the sustainable transitory into development.
1:16:04
Of course, transitory into development is important, but housing density itself is an environmental principle that we want to embrace.
1:16:12
And so we're very happy that this is pro sustainability.
1:16:16
Next slide.
1:16:19
That's it.
1:16:20
That's all I got, madam speaker and his chair.
1:16:22
Thank you very much, and we obviously welcome your questions.
