The two City Council measures will create a small business portal and require additional commercial property registration, respectively. On October 18, 2022, Mayor Eric Adams signed two bills, Intro 116 and Intro 383, to promote the city’s economic recovery. Intro 116 will help small business owners with City administrative needs and Intro 383 provides the city with more data about the extent of commercial vacancies citywide.

On September 16, 2022, Mayor Eric Adams announced a $35 million investment for the design and construction of the Metropolitan (Met) Hub, a five-acre linear park in Forest Hills, Queens. The funding includes $2.5 million from City Council, while Met Hub construction will be facilitated by the Economic Development Corporation (EDC) and the Parks Department.

On September 15, 2022, Mayor Eric Adams announced that the Hunts Point Produce Market was selected for a $110 million U.S. Department of Transportation (USDOT) Infrastructure for Rebuilding America (INFRA) grant. This federal funding will be used to upgrade and improve the Produce Market’s facilities, strengthening critical freight movement and improving the environment, public health, and quality of life for the Hunts Point community.

In addition to 224 affordable homes, street safety improvements have been implemented in downtown Far Rockaway. On August 4, 2022, Mayor Eric Adams announced the completion of two projects in downtown Far Rockaway, delivering on key commitments in 2016’s Downtown Far Rockaway Roadmap for Action. Together, both projects brought $234 million in investment to the neighborhood.

The mixed-use Bronx development will support adults experiencing homelessness through substance abuse treatment programs. On July 27, 2022, Mayor Eric Adams and Governor Kathy Hochul announced the start of construction for Starhill Phase I. This $189 million affordable housing development is located in the Morris Heights section of the Bronx and features ample supportive housing.

This comprehensive guide is designed to help more New Yorkers achieve home ownership, particularly in low income communities and communities of color. On July 27, 2022, Mayor Eric Adams released the “Homeowner Handbook: Protecting and Maintaining Home in NYC”. The handbook is designed to help New Yorkers navigate the responsibilities of homeownership, and provides resources for homeowners to protect and maintain their homes.