On November 29, 2023, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York City Economic Development Corporation joined the development team to celebrate the groundbreaking of the next phase of the Peninsula, a 100 percent affordable housing mixed-use campus in the Hunts Point section of the Bronx. The development team included Gilbane Development Company, Hudson Companies, MHANY Management Inc, and Wells Fargo.
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City Continues Push in Crackdown Against Illegal Smoke Shops
On November 27, 2023, Mayor Eric Adams announced the City’s latest efforts in the push against illegal smoke shops citywide. The New York City Sheriff’s Office Joint Compliance Task Force to Address Illegal Smoke contacts landlords and owners whose tenants have previously received violations for selling tobacco or cannabis products without a proper license. The task force consists of the Sheriff’s Office, the NYPD, and the Mayor’s Office of Special Enforcement.
“City of Yes for Economic Opportunity” Amendment Enters Public Review
On October 30, 2023, Mayor Eric Adams and Director of City Planning Dan Garodnick announced the launch of the public review process for the “City of Yes for Economic Opportunity” zoning amendment. The amendment is the second of three “City of Yes” proposals that aim to modernize or remove outdated provisions of the zoning text that limit the growth of housing, the development of small businesses, and the implementation of green technology, energy and infrastructure.
City Council Votes to Approve Additions to DOT Master Street Plan
On October 19, 2023, the City Council voted to approve Int. 1164A-2023. The bill was sponsored by Council Member Selvena Brooks-Powers. This bill seeks to make additions to the Department of Transportation’s Master Street Plan by, in the words of Council Member Brooks-Powers, adding equity through “an investment roadmap to the streets plan law.”
City Releases Details for “City of Yes for Housing Opportunity” Zoning Text Amendment
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>
Mayor Announces “Getting 97 Done” Initiative to Help Reduce Citywide Emissions
On September 12, 2023, Mayor Eric Adams announced his “Getting 97 Done” initiative. The plan aims to deliver on the goals outlined in Local Law 97 of 2019 – a 40 percent reduction inbuilding emissions by 2030, and a 70 percent reduction in citywide emissions by 2050. The plan is part of Mayor Adam’s long-term sustainability plan, “PlaNYC: Getting Sustainability Done”, published in April 2023.