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Mayor Eric Adams Announces Plans to Convert NYC Offices Into 20,000 Apartments

Started by Epoch-Times-Bot, Jan 13, 2023, 02:30 PM

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Epoch-Times-Bot

Jan 13, 2023, 02:30 PM
Mayor Eric Adams Announces Plans to Convert NYC Offices Into 20,000 Apartments

Mayor Eric Adams on Monday unveiled plans to convert vacant office space in New York City into new apartments to help relieve the city’s affordable housing crisis.
Following the recommendations in a report from a city-led task force that was established in July of 2022, the mayor is making 11 recommendations that would make changes to state laws and city zoning requirements to ease regulations across 136 million square feet of office space.
While property owners will ultimately decide whether or not to convert their buildings' use, the laxing of regulations could potentially create as many as 20,000 homes for 40,000 New Yorkers over the next decade....

Source: Mayor Eric Adams Announces Plans to Convert NYC Offices Into 20,000 Apartments

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