The 2025 Democratic mayoral primary in New York City has highlighted the urgent need for affordable housing. With soaring rents and a mere 1.4% vacancy rate, major candidates have revealed plans to tackle the city's housing crisis. Approaches vary, from increasing housing supply to maintaining current tenants' residences. Mayor Eric Adams has pushed a significant housing initiative, seeking to build 500,000 new units over a decade, supported by a $5 billion commitment. His 'City of Yes for Housing Affordability' plan aims to modify zoning laws to stimulate the development of necessary housing.
Mayor Eric Adams has identified a need for housing reform, setting a goal to build 500,000 new units over the decade to address New York City's housing crisis.
The 'City of Yes for Housing Affordability' plan aims to overhaul zoning regulations, easing restrictions to boost housing supply and incentivize affordable construction.
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