Overview of the City of Yes Housing Plan

The City of Yes housing plan aims to tackle New York City's ongoing housing crisis through relaxed zoning laws that will incentivize construction. With the city council's recent approval, this initiative is expected to lead to the creation of approximately 82,000 housing units over the next 15 years. A key aspect of the plan is its ability to rezone areas comprehensively rather than neighborhood by neighborhood, allowing for greater housing density in areas that can support it. This approach is paired with a significant $5 billion investment to address affordability and prevent displacement, reflecting a multifaceted strategy to improve housing availability.