On September 21, 2023, Mayor Eric Adams released the details for his “City of Yes for Housing Opportunity” proposal. The proposal aims to increase the development of and access to affordable housing throughout New York City through changes to the City’s zoning code. The Mayor’s Office touts that the initiative could add 10,000 homes to expected housing production over the next 15 years, create 260,000 temporary and 6,300 permanent jobs, and provide $58.2 billion in … <Read More>
On January 9, 2023, Mayor Eric Adams announced a set of recommendations from the Office Adaptive Reuse Task Force for changes to state laws and city zoning requirements to make it easier for the conversion of underused office space to housing. The COVID-19 pandemic transformed how many companies operate, transitioning to work-from-home or hybrid structures that require less office space, while the city experiences an ongoing affordable housing crisis.
On November 3, Mayor Eric Adams and NYC Health + Hospitals President Dr. Mitchell Katz announced a new initiative to connect homeless healthcare patients with affordable housing and support. The initiative, “Housing for Health,” plans to create nearly 650 new homes over the next five years, all of which will be affordable and situated near NYC Health + Hospital locations.
The former Jehovah’s Witnesses hotel has been converted into nearly 500 affordable and supportive housing units. On November 3, 2022, Mayor Adams, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) joined nonprofit Breaking Ground to celebrate the opening of 90 Sands, a former hotel converted into 491 affordable and supportive housing units in Dumbo, Brooklyn.