NYC passes sweeping plan to create more affordable housing

Staff Writer
Columbus CEO

NEW YORK (AP) — Many of New York City's residential neighborhoods will feature denser and taller development as part of a sweeping housing plan passed by the City Council.

The plan approved Tuesday will mandate the construction of more affordable housing and rewrite the city's decades-old zoning to enable more residential development.

It's a major political victory for first-term Mayor Bill de Blasio and ends a monthslong debate over a plan that could fundamentally reshape the way housing is developed in the nation's largest city.

The plan links approval for increased development to the creation of more affordable apartments.

It concedes that gentrification is inevitable across New York, but officials believe it should dramatically slow the tide of residents being priced out of their longtime neighborhoods.