Mayor Eric Adams on Thursday unveiled a new three-pronged strategy to tackle the lack of affordable housing. He set a 'moonshot' goal of building 500,000 new homes in New York City in the next 10 years. MKramerTV reports.
Top homeless advocate Christine Quinn proposes an incentive for building affordable housing
It wasn't a coincidence that boxes and boxes of paper were stacked in the City Hall rotunda as officials gathered for a news conference on the city's affordable housing crisis. It was the mayor's way of dramatizing why it's so hard to build new homes in New York City. "You know, this stack of papers, this is what it takes to get it done. People are reading through 50,000 pieces of paper to actually get housing built," Adams said.
Which is why the mayor's new"get stuff built" housing plan focuses on cutting red tape -- 111 new ways to cut bureaucracy and make it easier to build new homes. "If we enact all 111 reforms, we cut the time in half for a project to get from an environmental review to actually permitted with people in them and we've saving about $2 billion," Deputy Mayor Maria Torres-Springer said.Speeding up the precertification processCreating a one-stop shop portal at the Department of Buildings to get construction permits
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