Not a week goes by without a discussion of New York City’s worsening housing crisis. Experts have stressed that we must produce more than half a million new apartments by 2030. And here in the City Council, not a day goes by without hearing from our constituents who struggle to find new housing opportunities or live affordably in the neighborhoods they call home.
New York City Mayor Eric Adams has unveiled an ambitious plan to help convert the city’s unused office spaces into apartment dwellings in an effort to bring online 40,000 new units of housing in the next decade. The plan, which includes a new study and 11 “concrete recommendations” made by.
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COVID has permanently changed how we live, how we work, and how those two facets of our lives are interconnected. New York’s housing crisis is more acute than ever before, with rising rents and a desperate need for more housing supply. At the same time, older office buildings struggle to attract tenants as more people work hybrid schedules.
New York City Mayor Eric Adams unveiled the recommendations of a task force with the goal of converting underused office space into new housing in the city.