REMARKS
City of Yes zoning amendment and City for All housing plan introduced
0:11:28
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88 sec
Speaker Adams introduces the Department of City Planning's zoning for housing opportunities citywide text amendment and the $5 billion investment in the council's City for All housing plan. These initiatives aim to address the city's housing crisis by creating new homes and increasing affordability.
- Zoning amendment expected to create over 82,000 new homes in 15 years
- $5 billion investment in the City for All housing plan
- Highlights the council's role in advancing housing solutions, including approval of 27,000 affordable housing units since 2022
Adrienne E. Adams
0:11:28
Today, the council will vote on the department of city planning zoning for housing opportunities citywide text amendment with modifications estimated to create over 82,000 new homes over 15 years as part of an agreement to invest $5,000,000,000 into the council's city for all housing plan.
0:11:48
This represents a major step forward for the city to confront our housing crisis.
0:11:53
This council has consistently shown the importance of it playing a constructive role in advancing housing solutions across this city.
0:12:04
We recognize the severity of the decades in the making housing crisis, the impact it's having on working and middle class New Yorkers, and the urgency required of us to advance bold solutions that match the scale of this challenge.
0:12:20
Since 2022, we have approved the development of more than 27,000 units of affordable housing through the land use process with more than half being affordable homes.
0:12:34
This includes major projects like Innovation Queens that many doubted our ability to chart a successful path forward to advance at all.
0:12:38
Today, it's a and ensure housing as a stabilizing force as a stabilizing force.
