In December 2025, New York City Mayor Eric Adams and the City Council approved the City of Yes
for Housing Opportunity, a sweeping citywide rezoning initiative aimed at addressing the city’s
deepening housing crisis. This ambitious plan is expected to enable the creation of more than
82,000 new apartments over the next 15 years and includes a $5 billion investment in critical
infrastructure and housing development. By expanding where and how housing can be built, the
initiative seeks to make it easier to add new homes across all five boroughs.
This
research report series will examine the major components of the City of Yes for Housing
Opportunity. While exact housing outcomes will vary, each report will explore where the proposed
changes are likely to be most impactful. The series will provide a data-driven analysis of how
each aspect of the plan could influence housing production, real estate development potential,
and pricing across different neighborhoods.
The following set of reports provides a summary of this citywide rezoning and then deepens the focus on each of the programs that will enable and accelerate the creation of affordable housing in NYC.
More information is available from Adam Pollack at 212.544.9500 ext.101 or e-mail apollack@arielpa.com.