Mayor Adams Issues Executive Order to Unlock City-Owned Land for Affordable Housing Development

New York City Mayor Eric Adams has issued Executive Order 43, directing city agencies to review city-owned land for potential housing development. This initiative supports the "City of Yes for Housing Opportunity" proposal and aims to build 500,000 new homes by 2032 to address the city's affordable housing shortage. The order establishes the City Housing Activation Task Force, which will identify potential sites for housing development without disrupting municipal operations. Various city agencies have pledged their support, highlighting the importance of innovative solutions to increase affordable housing. Read the full story here: https://newyorkyimby.com/2024/08/mayor-adams-issues-executive-order-to-review-city-owned-land-for-potential-housing-development.html