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Mayor Adams wants to stop requiring off-site parking for new buildings to reduce the costs of construction as part of the ‘City of Yes’ package of zoning reforms.
As part of New York City Mayor Eric Adams’s ambitious package of zoning reforms, the city is proposing eliminating parking requirements for new buildings to reduce construction costs and, subsequently, housing costs. “Adams said that each parking space adds about $67,500 in construction costs,” explains Julianne Cuba in Streetsblog NYC.
According to David McCarty of Alloy Development, “More projects become financeable and more units get built. The only way to address affordability is adding a lot more supply into the market.” Cuba points out that housing costs are largely driven by demand, but construction costs can add to the price of new units. “And so eliminating the requirement will help reduce that burden by removing the extra cost so that housing for people — rather than cars — can be built, experts say.”
The proposed zoning change will have to pass through the city’s Uniform Land Use Review Procedure, with a final vote next fall.
FULL STORY: Analysis: Everyone Agrees — Less Parking Means More Housing
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Are Race-Based Lawsuits Affecting Community Lenders?
Shelterforce spoke with community lending leaders and experts about the current mood across the sector. What, if anything, are organizations doing to avoid becoming the next target of conservative activists?
New Park Promotes Community and Connectivity in Lewisville, Texas
The city of Lewisville just celebrated the opening of Glory Park/Parque la Gloria, helping to improve park access and the quality of life for residents.
City of Madera
City of Santa Clarita
Borough of Carlisle
HUD's Office of Policy Development and Research
Chaddick Institute at DePaul University
HUD's Office of Policy Development and Research
Colorado Energy Office
Pima County Community College District
City of Piedmont, CA
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Learn the tools for implementing Universal Design in planning regulations.
