Mayor Eric Adams released details of a plan to turn empty offices into brand new apartments to help relieve New York City’s affordable housing crunch.
Make your contribution now and help Gothamist thrive in 2023.Mayor Eric Adams on Monday released details of a plan to turn empty offices into brand new apartments to help relieve New York City’s affordable housing crunch.includes specific proposals to ease zoning restrictions and offer tax breaks to property owners. The plan, which draws on recommendations from a city task force convened in July, could pave the way for up to 20,000 new apartments over the next decade, Adams said.
Remote work has drastically reduced the use of office space throughout New York City. The task force’s study found that employees come to the office less than half as often as they did before the COVID pandemic, and about 20% of Manhattan offices were available to rent in the second half of 2022—up from 10% in 2019.
Adams’ announcement comes a day before Hochul delivers her annual State of the State Address, a speech expected to focus on housing and affordability.
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