New York City, under Mayor Eric Adams, is launching The Manhattan Plan, a significant housing initiative that invites public input on building 100,000 new homes within the next decade. The initiative comes in response to a long-standing slowdown in housing development, where Manhattan has lagged behind other boroughs in new construction. A significant aspect of the plan includes the Midtown South Mixed-Use Plan, which hopes to rezone an area to add nearly 10,000 new homes. The city aims to address the issue of rent-burdened residents and to make Manhattan more affordable and livable.
The Manhattan Plan aims to gather input from New Yorkers on where and how to build 100,000 new homes in a decade to address housing shortages.
With nearly half of Manhattan residents considered rent-burdened and rents surging by 50%, the city is seeking fresh ideas to make living in Manhattan more viable.
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