August 2024 Executive Order 43: How NYC Plans to Add 500,000 Housing Units
Mayor Eric Adams issued Executive Order 43 on August 21, 2024, to combat New York City’s housing shortage by prioritizing the development of 500,000 new housing units. The order establishes a City Housing Activation Taskforce to identify and utilize city-owned land for housing production. This initiative aims to address the city’s critically low vacancy rate…
