Mayor Eric Adams is proposing a major overhaul of New York City’s approach to development that his administration says could make way for as many as 100,000 additional homes in the coming years and ease the city’s severe housing crisis.
The proposed reforms, which Mr. Adams is announcing on Thursday in remarks at Borough of Manhattan Community College, amount to his administration’s broadest and most ambitious attempt to tackle New York City’s housing shortage, which has been worsening for decades.
Rules limiting growth have long made it difficult for enough homes to be built to accommodate everyone who wants to live here, driving up the cost of living.
That, in turn, has raised a threat to the city’s economy as businesses struggle to keep workers and families have poured out of the city.
The proposals could bring new housing development to nearly every corner of New York City and reflect a growing political consensus that the city must do everything it can to build.
Persons:
Eric Adams, Adams
Organizations:
Manhattan Community College, New
Locations:
New York, New York City