Mayor Adams Shows Off Solution For Housing Crisis

August 17, 2023
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Housing is in much need of a big upgrade. Luckily, the Mayor will help.

Mayor Eric Adams, the leader of New York City, teamed up with New York City Department of City Planning (DCP) Director Dan Garodnick all to announce how there’s a new measure to add new housing all over the city, including the process of organizing a plan to change vacant offices into housing. This follows quickly on the heels of affordable housing production breaking records all over the five boroughs of New York City. This is all in advocacy of setting up office-to-housing conversion projects in order to expedite new housing creation, as millions of square feet of “Midtown South Neighborhood Plan.” It’s better known as a community planning process to update the zoning rules which allow manufacturing and office space to foster a bright area to offer job opportunities.

Albany themselves didn’t take great critical action during the 2023 legislative session, which could have been able to facilitate office conversions with great affordable housing. The Office to residential conversions, as outlined by Mayor Adams to the City Council in January 2023, may produce 20,000 new homes for 40,000 New Yorkers within the following New Yorkers.

Such a proposal is part of Mayor Adams’ whole “City of Yes for Housing Opportunity,” well-known as a zoning text amendment that can unlock to potential for more new housing opportunities.

Housing Is A Big Deal In NYC!

Through the actions necessary to facilitate office conversions, the most likely regulations could very well be the atender to include about 136 million square feet of office space.

Approximately, property owners get to choose how to convert their buildings, if they do want what seems to be a city’s worth of office space into usable, convenient housing.

Such zoning changes could create interesting updates for these buildings that had been built even before 1990. Therefore, in turn, allowing office and additional non-residential spaces to change into housing, elsewhere in the city, otherwise where housing could be allowed under zoning laws.

In turn, this allows supportive housing, shared housing and dormitories to be enabled for a variety of purposes.

Mayor Adams’ proposal of City of Yes for Housing Opportunity is likely to start this fall, as far as public engagement goes, and is set to be referred to formally in early 2024.

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