Still in its early stages, Mayor Adams’ proposed zoning text amendment aims to increase affordable housing in the city. On June 1, 2022, Mayor Adams announced his “City of Yes” plan consisting of three citywide zoning text amendments. One of these initiatives, “Zoning for Housing Opportunity,” addresses the city’s housing shortage. Although the text amendment has not yet been drafted, Mayor Adams listed four key housing proposals in his announcement.
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Governor Signs Hotel Conversion Bill to Create More Opportunities for Permanent Housing
The new legislation allows hotels to house residents on a more permanent basis, specifically addressing the lack of available housing in New York City. On June 7, 2022, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This affordable housing law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes. State Senator Brian Kavanagh and Assemblymember Steven Cymbrowitz sponsored this bill.
City and State Officials Celebrate Groundbreaking of New Mixed-Use Affordable Development in Brownsville
On May 17, 2022, City and State officials joined the development team of non-profit The Bridge, Greenpoint Manufacturing and Design Center, and Mega Development for the ground breaking of Bridge Rockaway, a new mixed-use affordable housing development in Brownsville, Brooklyn.
HPD Releases Initial Results of 2021 Housing and Vacancy Survey
On May 17, 2022, the Department of Housing Preservation and Development (HPD) released some initial results of the 2021 New York City Housing and Vacancy Survey. The survey is the official source of the city’s net rental vacancy rate, which is used to determine the continued need for rent stabilization. From its start in 1965, the survey is the longest running housing survey in the United States.
City Planning Votes to Approve New Mixed-Use Affordable Building in Wakefield
Parking availability in the neighborhood had been a point of concern for the Community Board. May 11, 2022, the City Planning Commission voted to approve an application for a mixed-use residential and commercial building at 4541 Furman Avenue in the Wakefield section of the Bronx. The rezoning site is on a portion of the block bounded by East 240th Street, a line 300 feet north of East 239th Street to the south, White Plains Road … <Read More>
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.