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Cormack McKay, visitor and possible future resident of NY, on addressing vacant properties and promoting housing conversion in NYC

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    Cormack McKay, a visitor to New York City, supports the City of Yes for Housing Opportunity proposal with additional amendments. He argues for measures to combat deliberately vacant properties and promote housing conversion, citing the negative impact of empty buildings on the city's housing market and economy.

    • Proposes a vacancy tax or fine of $1 per square foot per day or 100% of expected rent for empty properties
    • Suggests incentivizing prefabrication and off-site construction methods for new developments
    • Recommends converting vacant offices and commercial properties to emergency residential or tourist accommodation within 30-90 days

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