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New York City Mayor Adams on Tuesday spelled out a plan to address the city's affordable housing crisis and homelessness

Adams Lays Out Plan to Tackle NYC’s Affordability Crisis 

New York City Mayor Eric Adams on Tuesday released Housing Our Neighbors: A Blueprint for Housing and Homelessness, a plan to address New York City’s affordable housing crisis. The plan rests on five key pillars: transforming the New York City Housing Authority, addressing homelessness and housing instability, creating and preserving affordable housing, improving New Yorkers’ health and safety, and reducing administrative burden on those needing supportive housing. 

“Safe, stable, and affordable housing cannot be a privilege — it is fundamental to my vision for a prosperous, inclusive city,” Adams said Tuesday. 

The plan builds on the city’s Fiscal Year 2023 adopted budget, which includes $5 billion in new capital funding for affordable housing. Earlier this month, Adams also laid out his plan to implement three citywide zoning reforms, including one that will help tackle the city’s housing shortage and create affordable housing. 

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Mayor Adams' office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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