N.Y.C. Housing Plan Moves Forward With an Unexpected $5 Billion Boost

By Emma G. Fitzsimmons A major plan seeking to address New York City’s housing crisis won approval from a City Council committee in a key vote on Thursday, bolstered by an unexpected pledge of $5 billion in city and state funds for affordable housing and infrastructure projects. The plan, known as City of Yes, is designed to ease restrictions that have made large-scale housing growth difficult, and represents the most significant overhaul of New York’s zoning regulations in decades. City officials estimate the changes could make way for 80,000 additional homes. The plan was passed by the Council’s Land Use Committee

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