City says it will halve affordable housing lease-up period
It takes an average of 210 days to get an affordable housing building filled in New York City. The Mamdani administration says it plans to cut that in half. The plan to fill projects in 100 days was revealed alongside changes to the city’s permitting and environmental review processes. Reforms to the lease-up system will include shortening the lottery application period from 60 days to 21 days for all projects, shortening the timeline for marketers to select applicants, and piloting a new program to allow landlords to work directly with shelters. They were announced as part of the city’s first […]
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