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Chair Dan Garodnick outlines NYC's housing crisis and City of Yes initiative

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4 min

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Dan Garodnick, Chair of the City Planning Commission, discusses the severe housing shortage in New York City and introduces the City of Yes for Housing Opportunity initiative as a solution. He emphasizes the need for more housing across all neighborhoods to address affordability issues and improve living conditions for New Yorkers.

  • The city's rental housing vacancy rate is at 1.41%, the lowest since the 1960s
  • Over half of NYC renters are rent-burdened, paying more than 30% of their income on rent
  • City of Yes proposes allowing 20% larger apartment buildings for affordable housing in medium and high-density areas
  • The initiative would legalize accessory dwelling units in lower-density areas and allow 3-5 story apartments near transit
  • The proposal includes lifting parking mandates on new housing citywide

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