New York City officials proposed a zoning change in Midtown Manhattan to facilitate the construction of nearly 10,000 new apartments, including affordable options. The initiative targets 42 blocks to invigorate an economically challenged area, amid a significant housing shortage. This plan reflects the city administration's broader strategy to address affordability issues, particularly following the pandemic. The plan's potential to pass is bolstered by local council support, and it connects with previous measures to enhance development opportunities across the city.
It's unfathomable that in an area this central, with a housing crisis this dire, that if you wanted to build housing here, our own rules would simply not allow it.
The Midtown plan is yet another attempt by the administration of Mayor Eric Adams to deal with a housing shortage that is at its worst point in half a century.
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