New York City Mayor Eric Adams has issued an order to figure out what city-owned land would be best for housing development. The city is currently tackling an affordable housing crisis, as it struggles with a rental vacancy of just 1.4%
The order from Adams requires all city agencies from the New York City Police Department to the New York City Department of Parks and Recreation to look for city-controlled land that could be transformed into housing.
Point phone camera here
This is all part of a broader initiative by the Adams administration. The goal is 500,000 new homes by 2032 to help with that housing crisis. Mayor Adams emphasized that his administration is leaving “no stone unturned” in the quest to alleviate the housing shortage.
Projects like a recent rezoning in the Bronx will yield about 7,000 new homes, 1,700 of which are said to be below market rate.
The order also establishes a task force that will assess city-controlled land for housing potential and provide guidelines for agencies to support housing production.
Officials said they’ll explore every option, from garages to libraries, in order to deliver on their pledge to build half a million homes by 2032.
Jack Aylmer
NEW YORK CITY MAYOR ERIC ADAMS IS TAKING A BOLD STEP TO TACKLE AN ONGOING AFFORDABLE HOUSING CRISIS. WITH A RENTAL VACANCY RATE OF JUST 1.4 PERCENT, ADAMS IS ISSUING AN EXECUTIVE ORDER, REQUIRING ALL CITY AGENCIES FROM THE NYPD TO THE PARKS DEPARTMENT TO LOOK FOR CITY-CONTROLLED LAND THAT COULD BE TRANSFORMED INTO MUCH-NEEDED HOUSING.
THIS IS ALL PART OF A BROADER INITIATIVE BY THE ADAMS ADMINISTRATION, WHICH IS TARGETING THE CREATION OF 500-THOUSAND NEW HOMES BY 2032. MAYOR ADAMS EMPHASIZED THAT HIS ADMINISTRATION IS LEAVING ‘NO STONE UNTURNED’ IN THE QUEST TO ALLEVIATE THE HOUSING SHORTAGE. PROJECTS LIKE A RECENT REZONING IN THE BRONX WILL YIELD ABOUT 7,000 NEW HOMES, ONE THOUSAND- 700 OF WHICH WILL BE BELOW MARKET RATE.
THE EXECUTIVE ORDER ALSO ESTABLISHES A TASK FORCE THAT WILL ASSESS CITY-CONTROLLED LAND FOR HOUSING POTENTIAL AND PROVIDE GUIDELINES FOR AGENCIES TO SUPPORT HOUSING PRODUCTION.
CITY HALL IS EMPHASIZING ITS COMMITMENT TO MEET THESE GOALS, WITH OFFICIALS SAYING THEY’LL EXPLORE EVERY OPTION, FROM GARAGES TO LIBRARIES, IN ORDER TO DELIVER ON THEIR PLEDGE TO BUILD HALF A MILLION HOMES BY 2032.
WE’LL KEEP AN EYE ON HOW THESE PLANS DEVELOP. – AND YOU CAN TOO. DOWNLOAD THE STRAIGHT ARROW NEWS APP – AND SIGN UP FOR UPDATES SO YOU NEVER MISS A STORY
Straight to your inbox.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
