NYC Council Approve City Of Yes Housing Proposal

By Idy Perl

Breaking news out of New York City as the New York City Council have approved of the “City of Yes” housing proposal. Mayor Adams and Governor Hochul will be holding a press conference at City Hall at 5:15 to celebrate this historic moment. 

This housing plan will amend outdated zoning laws that will allow 80,000 new homes to be built in NYC over the next 15 years. 

“Today is a historic day in New York City, but, more importantly, for working-class New Yorkers. We showed the nation that government can still be bold and brave by passing the most pro-housing piece of legislation in city history. Our administration proposed and fought hard for this proposal for more than year, and now New Yorkers are the ones who will benefit from lower rent,” Mayor Adams said. 

“Our only shot at solving New York’s affordability crisis is by building more housing — and that’s why I’m committing $1 billion for projects that will make ‘City of Yes’ a reality,” said Governor Hochul. “I signed the most powerful pro-housing legislation in three generations earlier this year, but the work is far from over. That’s why it’s critical for New York City to move forward with zoning reforms that will create more of the homes New Yorkers so desperately need.”