Housing Opportunities Arise as Adams Asks Agencies to Reimagine City-Owned Land
Innovative Approaches to Housing
Housing opportunities are gaining traction as Mayor Eric Adams signed an executive order establishing a task force to examine affordable housing solutions on city-owned properties. With more than 15,000 properties at his disposal, and over 2,000 vacant lots available, the potential for new developments is significant.
Strategizing City-Owned Sites
- The task force will review all city-owned parcels to identify potential developments.
- Previous administrations explored this avenue but saw limited success.
- Borough President Mark Levine highlighted 173 vacant sites capable of supporting up to 73,000 housing units.
Prioritizing Affordability
Immediate goals include utilizing neglected properties and committing to affordable solutions for low-income residents. As planning progresses, affordability remains at the forefront of Adams’ strategy.
- Executive order mandates consultation with libraries and community organizations.
- Developers are encouraged to participate in ongoing discussions for site usage.
Future assessments are scheduled for early next year, where details will unfold on the task force's findings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.