Goal: Create homes for almost a million more New Yorkers while making housing and neighborhoods more affordable and sustainable.
By 2030, New York City will be home to over nine million people—nearly one million more people than lived here in 2005.
As we prepare for the challenges and opportunities that will come with population growth, we must set our goals beyond just increasing the number of housing units—which will continue to be a major focus for the City. We must also create and maintain sustainable, affordable neighborhoods. We recognize that strong neighborhoods are among our greatest assets. Each neighborhood has its own distinctive character, history, and culture; maintaining this diversity plays a vital role in the continuing health of the city.
We must direct growth to more transit-oriented parts of the city. We do this by increasing allowable densities at appropriate locations in areas of the city near transit, and decreasing them in more auto-dependent areas. Increasing capacity also aids housing affordability, because when supply cannot keep up with the demands of a growing population, housing becomes less affordable as residents bid higher to live in existing units. As available sites become scarcer, the land price component of housing costs rises, feeding into the costs of new housing.
But making housing more affordable requires more than increasing housing supply. We must employ targeted programs geared towards creating new affordable housing units and preserving existing ones.
We are also working to ensure that our housing and neighborhoods become more sustainable. Sustainability means not only more energy-efficient buildings, but also the walkability of our neighborhoods, the availability of choices for transportation, and access to employment opportunities and retail, including healthy food.