New York City’s Mayor, Eric Adams, released a plan last month to address the city’s housing shortage. The plan would change the city’s zoning code to facilitate, rather than block, dense residential development in certain parts of the city. If enacted, the plan could create up to 100,000 new homes over the next 15 years, according to mayor’s office. Still, the plan has been met with mixed reactions. Some residents worry about how bigger, taller, denser buildings could potentially change their neighborhoods. Housing experts, however, are encouraged by the plan, saying that it represents a step forward in addressing the root cause of the city’s housing crisis. – The New York Times
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The New York Times: “New York City Has a Bold Plan to Fix Its Housing Crisis. Will it Work?”
October 25, 2023