Mayor’s Proposed Affordable Housing Bonus Would Target ‘Range of Incomes,’ Officials Say

Mayor Adams’ ‘City of Yes’ housing proposal includes a 20 percent density bonus for developers—if the additional units are income-restricted. While City Hall has yet to finalize exact affordability levels, officials said they would be aimed at households that earn lower than 80 percent of the Area Median Income, roughly $101,680 for a family of three.

Eric Adams’ State of the City: What’s in it for Housing?

In his annual address Wednesday, his third since taking office in 2022, Mayor Eric Adams touched on plans for a “Tenant Protection Cabinet,” developing affordable housing on two dozen city-owned sites, and issuing new NYCHA Section 8 vouchers. But several advocates said the speech fell short in addressing the city’s homelessness crisis.