"We call it 'The Manhattan Plan' - a tribute to this borough's long history as a place where families from all over the world could come to start their American Dream," Adams said during his State of the City speech in Harlem.
"Over the decades, housing prices in Manhattan have gone up while working-class families have been pushed out," Adams said from the famed Apollo Theater.
"Helping families make rent or buy their first homes means helping them save money - and we are determined to do just that."
The initiative, which piggybacks off the Big Apple's current 'City of Yes' plan, seeks to review and refresh zoning across Manhattan - unlocking potential housing sites for development stretching from Inwood to the Financial District.
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