Search Results for: Economic Development

Department of City Planning to Hold Second City of Yes for Economic Opportunity Info Session on July 11

On July 11, 2023, the Department of City Planning will hold the next information session for the City of Yes for Economic Opportunity zoning text amendment. The text amendment is part of Mayor Eric Adams’ City of Yes proposed amendments aimed to remove outdated or unnecessary provisions within the existing zoning text that inhibit the development of housing, green energy, and economic development.

Mayor and City Planning Unveil Details for City of Yes for Economic Opportunity Zoning Text Amendment

The amendment is the second of three proposed zoning text amendments from Mayor Adams designed to address outdated zoning issues. On June 14, 2023, Mayor Eric Adams and Department of City Planning Director and City Planning Commission Chair Dan Garodnick revealed the “City of Yes for Economic Opportunity” zoning text amendment. The proposed amendment is part of Mayor Adams’ City of Yes zoning text amendments to modernize the zoning text and remove burdensome outdated provisions … <Read More>

Mayor Adams Signs Two Economic Recovery Bills

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.

Council Hears Proposal For Bruckner Expressway Development

Located in a low-density area with few affordable homes, the four proposed apartment buildings would require a controversial rezoning. On September 7, 2022, the City Council Subcommittee on Zoning and Franchises held a public hearing to discuss a proposed rezoning in Throggs Neck, Bronx. If the rezoning is approved by the City Council, developer Throggs Neck Associates, LLC will construct four mixed-use apartment buildings at four different sites off the Bruckner Expressway. The project area … <Read More>

City Announces Start of Construction for 103 Affordable Unit Development in Mount Hope

The $55 million mixed-use development in Mount Hope will house 103 low-income and formerly homeless New Yorkers. On July 20, 2022, NYC Mayor Eric Adams and New York Governor Kathy Hochul announced the beginning of construction on an affordable housing development in Mount Hope, Bronx. The new building will be adjacent to the existing Mount Hope Community Center on Walton Avenue.