Mayor Adams' key 'City of Yes' initiative inches closer — with $5B pledge, NYC Council concessions

Metro News

Mayor Adams' key 'City of Yes' initiative inches closer — with $5B pledge, NYC Council concessions
US NewsCity CouncilCity Hall
  • 📰 nypost
  • ⏱ Reading Time:
  • 59 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 67%

Mayor Adams outlines vision for 'City of Yes'

The City Council approved Mayor Eric Adams ’ controversial sweeping plan to build tens of thousands of housing units across the Big Apple in down-to-the-wire votes — after a $5 billion funding promise from Hizzoner

In addition, the mayor, who has made the zoning changes a cornerstone of his first term, caved to councilmembers for an ask of $5 billion to fund roads, public building renovations, water systems, sewage facilities and more.“I never go into a negotiation expecting to walk away with everything that I want,” he told reporters after the votes.

Despite the concessions, the plan is the first major change to the city’s zoning rules since 1961 and is being touted for paving the way for builders to create tens of thousands of new homes. Adams was able to cough up the financial sweetener late Wednesday with the help of Gov. Kathy Hochul, who promised an influx of $1 billion from the state over a decade, sources said.

The plan’s broad strokes would bring 80,000 more housing units to the city, down from the originally estimated 100,000, officials said.Adams was able to cough up the financial sweetener late Wednesday with the help of Gov. Kathy Hochul, who promised an influx of $1 billion from the state over a decade, sources said.But opponents in neighborhoods across the city have balked over the zoning plan, which was hashed out over a year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nypost /  🏆 91. in US

US News City Council City Hall Eric Adams Housing Nyc Zoning

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York City Council subcommittee to vote on Mayor Adams' 'City of Yes' affordable housing planNew York City Council subcommittee to vote on Mayor Adams' 'City of Yes' affordable housing planThe council's Subcommittee on Zoning and Franchises and Committee on Land Use is set to vote on the 'City of Yes for Housing Opportunity Plan.' If the plan passes through the committees, the full council will likely vote on it during a Dec. 5 meeting.
Read more »

Proponents of Adams' controversial 'City of Yes' housing plan rally outside City HallProponents of Adams' controversial 'City of Yes' housing plan rally outside City HallMayor Adams outlines vision for 'City of Yes'
Read more »

Backers of 'City of Yes' housing plan prepare final secret weapon to try to push it throughBackers of 'City of Yes' housing plan prepare final secret weapon to try to push it throughMayor Adams outlines vision for 'City of Yes'
Read more »

City Council unveils broad housing plan in response to Mayor's City of Yes zoning overhaulCity Council unveils broad housing plan in response to Mayor's City of Yes zoning overhaulThe City Council released comprehensive package of reforms designed to tackle various parts of the city's housing affordability crisis.
Read more »

New NYC Chancellor Melissa Aviles-Ramos is highest paid city employee -- trumping Mayor Adams' salaryNew NYC Chancellor Melissa Aviles-Ramos is highest paid city employee -- trumping Mayor Adams' salaryA Bronx-born mom, 42, Aviles-Ramos will get a whopping $414,799-a-year, a big jump from her last $232,754 Department of Education salary.
Read more »

Another Quick Trump Turnaround as New York City Mayor Eric Adams Flips Against Vouchers for MigrantsAnother Quick Trump Turnaround as New York City Mayor Eric Adams Flips Against Vouchers for MigrantsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »



Render Time: 2025-02-14 10:09:10