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.
- ◦Development
- ◦Financing
- ◦Policy/Gov't
