New York City makes sweeping zoning changes to address housing crisis
The New York City Council recently approved a plan that city officials are calling the “most pro-housing zoning proposal” in the city’s history. The citywide rezoning, named “City of Yes for Housing Opportunity,” will enable 80,000 new homes to be built over the next 15 years, according to a news release. The plan also includes up to $5 billion for housing and infrastructure upgrades.
