NYC Rezones for 82,000 Apartments
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housing developmentBenzinga
•New York City Council approves rezoning plan for 82,000 apartments and $5 billion in infrastructure and housing development
78% Informative
New York City Council approved a rezoning plan on Dec. 5 clearing the way for 82,000 new apartments and $5 billion in infrastructure and housing development over 15 years .
The City of Yes for Housing Opportunity plan passed by a 31 -20 vote amid a citywide vacancy rate of 1.4% .
The Regional Plan Association projects New York needs 473,000 additional housing units by 2032 .
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