29,000+ Affordable Homes Built: NYC Mayor Eric Adams Touts Housing Progress Amidst Criticism

Mayor Eric Adams Highlights Housing Wins Amidst Backlash

According to the Daily News report, Mayor Eric Adams announced that New York City has financed nearly 29,000 new affordable and public housing units in the past year, a 12% increase from the previous year. Speaking in the South Bronx, Mayor Eric Adams praised these numbers as record-breaking and stressed that more affordable housing needs to be spread throughout all city neighborhoods. He compared the struggle for housing equality to past segregation, insisting that every city area must do its part.

Mayor Eric Adams is promoting his “City of Yes for Housing Opportunity” plan, which aims to make it easier to build more housing by relaxing zoning rules. This plan includes removing parking requirements and making it simpler to convert basement apartments. However, the proposal has faced criticism from some community boards and local leaders who worry about its effects on their neighborhoods. Despite this, many real estate and development groups support the plan.

READ ALSO: Maximize Your Retirement Income: Top 9 States with No or Low State Taxes

29,000+ Affordable Homes Built: NYC Mayor Eric Adams Touts Housing Progress Amidst Criticism (PHOTO: NYC.gov)

Mayor Eric Adams Pushes “City of Yes” Plan to Expand Housing Amidst Local Criticism

Mayor Eric Adams’ team also reported progress with the New York City Housing Authority, renovating 3,678 apartments, and financing over 25,000 affordable homes through various city agencies. Critics, however, argue that Mayor Eric Adams is not giving enough credit to the City Council, which has been crucial in pushing for more housing funding and improvements.

READ ALSO: $22 Million Refund Bonanza for Cook County Property Owners: Over 10,000 to Receive Automatic Refunds