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NYC’s 700K Home Crisis Plan | New York City News
New York City is in a housing crisis, needing to build 700,000 new homes over the next decade to meet demand and population growth — a staggering number that underscores the scale of the challenge. The city’s first-ever Fair Housing Growth Strategy, mandated by law, sets neighborhood-specific targets across all five boroughs to ensure every area contributes to solving the affordability crisis. With rents and prices at historic highs and development slowed by regulatory workarounds, progress has been sluggish — though last year saw the biggest apartment construction surge since 1965. Voters…
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