Watershed moment: New housing target could transform city
SEVEN. HUNDRED. THOUSAND. Well, now. That’s a lot of housing units for New York City to create in 10 years. Building 700,000 homes is the recommendation of yet another report on the housing crisis. But this draft the City Council cannot dismiss as the self-serving fantasy of an industry group or business-backed think tank. The Council itself demanded the report in a 2023 law. Be careful what you wish for? The lofty target set by the city’s housing and planning agencies sets the government up for criticism if it falls short of the goal — and protests by NIMBYs for […]
This article originally appeared on The Real Deal. Click here to read the full story.
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