Last fall, New York’s Department of City Planning (DCP) proposed ambitious zoning changes intended to break the regulatory logjam that stops the city from getting the housing it needs. That was followed by a flurry of additional announcements, including Mayor Eric Adams’ “moonshot” goal of 500,000 new housing units in the next decade, more than double the total in each of the past two.
In a new Manhattan Institute issue brief, I conclude the zoning initiatives could increase housing construction. Adams and Governor Kathy Hochul also endorsed badly needed state legislation. However, what Adams hasn’t yet done is also important. While his housing unit goal is sensible, he hasn’t supplied a credible path to attaining it. Moreover, neither Adams, Hochul, nor the City Council or state legislature has begun dismantling the anti-private investment shibboleths that grip New York politics.
Continue reading the entire piece here at the New York Post
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Eric Kober is an adjunct fellow at the Manhattan Institute. He retired in 2017 as director of housing, economic and infrastructure planning at the New York City Department of City Planning. Follow him on Twitter here. Based on a recent MI issue brief.
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