"Everyday New Yorkers have carried the burden of a generational housing crisis for far too long. Thanks to our shared commitment, we have reached an agreement on a historic plan that could open the doors to a little more housing in every neighborhood in our city - with no borough, block or backyard left behind. If passed, New York City will once again serve as a model to the nation."
"New York has a housing affordability crisis, and there's only one way out: build more housing. This partnership is a testament to what can be achieved when leaders at all levels of government unite to address urgent challenges."
Faced with a 1.4% rental vacancy rate, the proposal will allow for increased housing construction in neighborhoods citywide. Officials hope the plan will lower rental costs for New Yorkers across all five boroughs.
Brooklyn Borough President Antonio Reynoso was not convinced that the agreement is the solution Adams and Hochul say it is. He said the exemption of R1-2A, R2A, and R3A contextual districts, or western Queens and parts of Staten Island, raises concerns.
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