‘City of Yes’ Proposal Takes Big Step Forward Following Compromise Deal
The highly anticipated ‘City of Yes’ housing proposal plan took a major step forward following certain compromises between the New York City Council and the Adams administration, leading to approvals by two key city council committees — the zoning subcommittee and the land use committee. The approvals resulted in aspects of the proposal being scaled back and a $5 billion commitment in funding made for city council priorities, impacting the total number of homes being created over the next 15 years from up to 109,000 homes down to an estimated 80,000 homes according to both the city council and City Hall. The zoning text amendment will now head back to the New York City Planning Commission (CPC) for review before it goes to a full city council vote in December.