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New Yorkers Say ‘Yes’ to Affordable Housing: The “City of Yes” Initiative

New Yorkers are uniting for a future where affordable housing is within reach, thanks to the approval of the “City of Yes for Housing Opportunity” proposal. This initiative, marking a pivotal change in the city’s zoning code, aims to address the housing crisis and meet the growing demand for affordable homes. With the city’s vacancy rate at a low 1.4%, rent prices are skyrocketing, forcing families out of their homes. Mayor Eric Adams, alongside state officials, has taken proactive steps to tackle this crisis head-on. Now, it’s up to the City Council to join forces and pass this landmark proposal,

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October 3, 2024 No Comments
property News

Zoning in Los Angeles: The Debate Over Single-Family Zones

The Los Angeles City Planning Commission recently made a pivotal decision, voting to prioritize housing developments outside of the city’s single-family zones. This move is part of a larger rezoning effort required by the state, aiming to accommodate over 450,000 new homes in the next five years. With 72% of L.A.’s residential land currently zoned for single-family homes, city planners are exploring ways to build more housing without disrupting these areas significantly. The new proposal focuses on encouraging developers to construct taller, denser buildings in areas already zoned for apartments, with incentives for including affordable housing for low-income renters. Meanwhile,

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September 29, 2024 No Comments