flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

New York City advances plan to build 500,000 new housing units

Multifamily Housing

New York City advances plan to build 500,000 new housing units

The "Moonshot" program will speed up land use review process.


By Peter Fabris, Contributing Editor | January 9, 2023
New York City advances plan to build 500,000 new housing units Photo: Pixabay
Photo: Pixabay

After New York Mayor Eric Adams announced a “Moonshot” plan to build 500,000 new housing units over the next 10 years in early December, he moved quickly to jumpstart the process.

A week later, the Department of City Planning said it would immediately begin public hearings of a 46-block rezoning of portions of two East Bronx neighborhoods that are close to planned Metro-North rail stations. Speeding up the city’s land use review process is a cornerstone of the housing plan.

The rezoning of industrial and manufacturing areas to residential, and an expected increase in residential density in other parts of the Bronx, would serve neighborhoods surrounding two rail stations projected to open in 2027. “The establishment of new transit service in previously auto-oriented areas demands a thoughtful reorientation of permitted uses and densities to capitalize on the state’s significant investment in regional rail,” according to a Draft Scope of Work for the rezoning proposal.

City officials said that the proposed rezoning in the Bronx is broken into several parcels. This is in synch with the mayor’s pledge not to engage in neighborhood-wide rezoning. Adams also intends to exempt housing projects with fewer than 200 units from environmental reviews, and have the city’s Department of Buildings streamline its computerized permit application and tracking process.

Related Stories

MFPRO+ News | Nov 15, 2023

Average U.S multifamily rents drop $3 to $1,718 in October 2023: Yardi Matrix

Multifamily fundamentals continued to soften and impact rents last month, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent dropped $3 to $1,718 in October, with year-over-year growth moderating to 0.4%, down 40 basis points from September. Occupancy slid to 94.9%, marking the first decline in four months.

Industrial Facilities | Nov 14, 2023

Some AEC firms are plugging into EV charging market

Decentralized electrical distribution is broadening recharger installation to several building types.

MFPRO+ Special Reports | Nov 14, 2023

Register today! Key trends in the multifamily housing market for 2024 - BD+C Live Webinar

Join the BD+C and Multifamily Pro+ editorial team for this live webinar on key trends and innovations in the $110 billion U.S. multifamily housing market. A trio of multifamily design and construction experts will present their latest projects, trends, innovations, and data/research on the three primary multifamily sub-sectors: rental housing, senior living, and student housing. 

Multifamily Housing | Nov 9, 2023

Multifamily project completions forecast to slow starting 2026

Yardi Matrix has released its Q4 2023 Multifamily Supply Forecast, emphasizing a short-term spike and plateau of new construction.

MFPRO+ News | Nov 1, 2023

Washington, D.C., Queens, N.Y., lead nation in number of new apartments by zip code

A study of new apartment construction by zip code showed Washington D.C., and the Queens borough of New York City are the hottest multifamily markets since 2018, according to RentCafe.

Adaptive Reuse | Nov 1, 2023

Biden Administration reveals plan to spur more office-to-residential conversions

The Biden Administration recently announced plans to encourage more office buildings to be converted to residential use. The plan includes using federal money to lend to developers for conversion projects and selling government property that is suitable for conversions. 

Sponsored | MFPRO+ Course | Oct 30, 2023

For the Multifamily Sector, Product Innovations Boost Design and Construction Success

This course covers emerging trends in exterior design and products/systems selection in the low- and mid-rise market-rate and luxury multifamily rental market. Topics include facade design, cladding material trends, fenestration trends/innovations, indoor/outdoor connection, and rooftop spaces.

MFPRO+ Special Reports | Oct 27, 2023

Download the 2023 Multifamily Annual Report

Welcome to Building Design+Construction and Multifamily Pro+’s first Multifamily Annual Report. This 76-page special report is our first-ever “state of the state” update on the $110 billion multifamily housing construction sector.

Mass Timber | Oct 27, 2023

Five winners selected for $2 million Mass Timber Competition

Five winners were selected to share a $2 million prize in the 2023 Mass Timber Competition: Building to Net-Zero Carbon. The competition was co-sponsored by the Softwood Lumber Board and USDA Forest Service (USDA) with the intent “to demonstrate mass timber’s applications in architectural design and highlight its significant role in reducing the carbon footprint of the built environment.”

Sponsored | MFPRO+ Blog | Oct 26, 2023

Unlock New Potential—Can Multifamily Pop-Up Hotel Concepts Transform Lease-Ups?

Dive into the new trend of multifamily pop-up hotels! Learn how they're changing the game in lease-ups, creating vibrant communities, and offering property managers a lucrative new revenue stream. Join the conversation on the future of multifamily living spaces.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021