Council Approves City of Yes for Economic Opportunity Amendment

On June 6, 2024, the City Council voted to approve the City of Yes for Economic Opportunity zoning text amendment. The amendment is one of three City of Yes zoning text amendments proposed by the Adams administration to address outdated provisions within the zoning text that unnecessarily restrict or limit housing, the implementation of green technology and infrastructure, and economic development. 


City Planning Commission Votes to Approve City of Yes for Economic Opportunity Amendment

On March 6, 2024, the City Planning Commission voted to approve the City of Yes for Economic Opportunity zoning text amendment. The amendment, the second of Mayor Eric Adams’ three City of Yes proposals, is a collection of eighteen changes to the zoning text designed to remove obstacles for small businesses looking to expand and create more vibrant streetscapes. 


City Breaks Ground on New Phase of Affordable Housing Development in Hunts Point

On November 29, 2023, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York City Economic Development Corporation joined the development team to celebrate the groundbreaking of the next phase of the Peninsula, a 100 percent affordable housing mixed-use campus in the Hunts Point section of the Bronx. The development team included Gilbane Development Company, Hudson Companies, MHANY Management Inc, and Wells Fargo.