Mayor Eric Adams also outlined a “City of Yes” plan in June of 2022 to rework New York City’s zoning policy to support small businesses, create affordable housing, and promote sustainability. The plan includes three major zoning policy changes — Zoning for Economic Opportunity, Zoning for Housing Opportunity, and Zoning for Zero Carbon — which would aim to increase development by cutting red tape and centering equitable planning. Efforts would make key changes to zoning policy, such as making it easier to create smaller units in certain developments and eliminating parking requirements. Proposals for “City of Yes” are still undergoing a public hearing, review, and approval process before going into effect. Developers should see New York’s legislative woes as an example of the importance of stakeholder buy-in. Resistance to high-density building on the community level can sometimes stem from a lack of information or preconceived notions about the development process. Hosting community meetings to hear out local concerns and answer any questions often helps overcome regulatory or public opinion hurdles. In turn, local residents are able to see developers as members of the community and better understand how the buildings will benefit the area. Key Facts Status Most Impact Approach Legislation failed High-density housing across the state Avg. House Price 2023 Population Growth From 2010-2020 $411,000 up 4.1% or 823,000 people 11