On Real Estate: Billions for affordable housing will be toothless without zoning changes

Mayor Eric Adams and City Council Speaker Adrienne Adams are clashing over billions.

In his State of the City address, the mayor proposed committing $5 billion to the creation of affordable housing over the next 10 years in the upcoming budget. In her State of the City address, the speaker proposed committing $4 billion to affordable housing in the next year alone. The pair will likely go back and forth for a while before eventually landing on a certain number of billions that they will tout as extremely ambitious and that affordable housing advocates will decry as not enough.

The reality is that any number they land on

→ Continue reading at Crain's New York Business

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