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VisitNYC Pushes 'City of Yes' Initiative to Tackle Affordable Housing Crisis, Vote Next Wednesday
Sep 16, 2024, 03:21 PM
New York City is pushing forward with the 'City of Yes for Housing Opportunity' initiative, aimed at addressing the city's affordable housing crisis. The initiative seeks to amend outdated zoning laws from the 1960s that have historically segregated communities and restricted housing development. The City Planning Commission is set to vote on the proposal next Wednesday, with significant public support already evident from previous hearings. The plan is part of a broader effort to make housing more affordable and equitable, particularly for Black and Brown families who have been excluded from certain neighborhoods. Key figures, including NYC Mayor Eric Adams and Brooklyn Borough President Antonio Reynoso, have emphasized the importance of the initiative in promoting social justice and providing more housing choices across all five boroughs. Additionally, the initiative highlights the urgency of strengthening tenant protections and getting buildings into the hands of mission-driven owners, as discussed at the Save63Tiffany Block Party.
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Markets
Yes • 50%
No • 50%
Official announcement from the Mayor's office or NYC government website
No • 50%
Yes • 50%
Official announcement from the New York City Planning Commission
Yes • 50%
No • 50%
Court filings or news reports from reputable sources
Significant increase • 25%
Decrease • 25%
No significant change • 25%
Moderate increase • 25%
Reports from housing authorities and reputable news sources
Postponed • 34%
Approved • 33%
Rejected • 33%
Official announcement from the New York City Planning Commission
Political figures • 25%
Other • 25%
Local residents • 25%
Real estate developers • 25%
News reports from reputable sources and official statements