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>
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Mayor and Governor Announce Completion of Mixed-Use Affordable Development in Downtown Brooklyn
On May 9, 2022, Governor Kathy Hochul and Mayor Eric Adams celebrated the completion of Nevins Street Apartments, located at 50 Nevins Street between Schermerhorn Street and State Street in Downtown Brooklyn.
Mayor Announces Waivers of Fees as Part of Ida Recovery Response
The waiver of fees relieves an additional burden for property owners already dealing with storm damage. On September 7, 2021, Mayor Bill de Blasio signed Emergency Executive Order 235, which allows the Department of Buildings and Department of Environmental Protection to waive fees associated with various permits or applications that will be needed by property owners for storm damage repair.
Proposed City of Yes for Housing Opportunity Amendment to Help Faith-Based Orgs Build Affordable Housing
On March 22, 2024, Mayor Eric Adams announced details about the plan to assist faith-based organizations and other mission-based nonprofits to build affordable housing citywide. As part of the City of Yes for Housing Opportunity plan, the administration’s third proposed zoning text changes that will remove outdated and arbitrary language from the zoning text that will allow for the creation of more housing.
City Announces Award of Over $70 Million in Grants for Electric School Buses, Electric Vehicle Charging at Hunts Point
On March 18, 2024, Mayor Eric Adams announced that New York City received $77 million in grants through the federal Bipartisan Infrastructure Law to expand the number of electric school buses and trucks citywide and the creation of the nation’s first freight electric vehicle charging hub.
City Launches $50 Million Initiative for Minority-Business Enterprise Developers to Work on Affordable Housing
On March 4, 2024, New York City Mayor Eric Adams, the New York City Housing Preservation Development (HPD) Commissioner Adolfo Carrión Jr., and New York City Housing Development Corporation (HDC) President Eric Enderlin announced an initiative to provide up to $50 million to help Minority Business Enterprises (MBE) overcome financial barriers and participate in developing much needed affordable housing for New Yorkers. The “New York City Minority Business Enterprise Guaranty Facility” is established in partnership … <Read More>