December 6, 2024
The City Council on Thursday voted 31-20 to approve Mayor Eric Adams' landmark "City of Yes" housing proposal, marking a major step forward in addressing New York City's critical housing shortage. The final version of the plan largely resembles the mayor's original vision but includes amendments by the Council that lower the projected number of new homes from 109,000 to roughly 82,000 over the next 15 years. The plan also includes significant investments in affordable housing, homeownership, tenant protections, and sewer, street, and open space infrastructure development across the five boroughs.
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