‘City Of Yes’ Housing Plan Offically Approved By City Council

NEW YORK CITY — The City Council said 'yes' to the "City of Yes" housing plan, a major zoning proposal that would spur more housing construction throughout the five boroughs.

The plan aims at creating more than 80,000 new homes over the next 15 years, easing the city’s housing crisis.

City of Yes passed with 31 yes votes to 20 no votes.

Mayor Eric Adams is expected to commit $5 billion in city funding. Those funds will go to sewers, streets and open spaces, along with additional staffing at housing agencies, Patch previously reported. The money will also subsidize affordable housing construction and preservation.

In addition, Gov. Kathy Hochul has committed $1 billion to help the city fund the investments contained in the agreement, after the Adams administration asked for her help.

Hochul will include the funding in her state budget proposal in January.

The tentative agreement would legalize small accessory dwelling units in backyards and garages in some parts of the city.

Accessory dwelling units will no longer be allowed in a number of low-density districts in the outer boroughs.

A mandate that require parking spaces to be included in new developments would have been eliminated citywide in the initial proposal has now been preserved in some areas, among other changes.

This is a breaking news story. This post will be updated.