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NYC Mayor Desperate For More Housing - Will Pay Owners $400,000 To Build Backyard 'Granny Flats'
rangerrebew:
NYC Mayor Desperate For More Housing - Will Pay Owners $400,000 To Build Backyard 'Granny Flats'
Story by Kris Lippi •
6h
ew York City is pioneering a transformative initiative to combat housing shortages. The city is introducing a groundbreaking pilot program aimed at assisting homeowners in constructing accessory dwelling units (ADUs), commonly referred to as “granny flats.”
This innovative endeavor will provide financial support to 15 homeowners, offering each up to $395,000 to develop an additional residential unit on their property. The program responds to the urgent need for increased housing density within the city, aiming to diversify housing options in a bid to alleviate the current housing crisis.
The concept of ADUs encompasses a spectrum of possibilities, including the conversion of existing spaces within homes such as garages, basements, or attics, as well as the construction of tiny homes in backyards. This multifaceted approach is designed to address the unique spatial constraints and demands of New York City, offering a flexible solution to the shortage of affordable housing.
https://www.msn.com/en-us/money/realestate/nyc-mayor-desperate-for-more-housing-will-pay-owners-400-000-to-build-backyard-granny-flats/ar-AA1kAFcu?ocid=msedgntp&cvid=a4aa6c82b8844207cfdf8dbbde9145c0&ei=8
rangerrebew:
I wouldn't imagine American citizens are eligible for the program, only illegals. :whistle:
Mod2:
Moved to NY category
Hoodat:
If you're desperate for housing, then get rid of rent controls.
Weird Tolkienish Figure:
--- Quote from: Hoodat on November 27, 2023, 02:23:49 pm ---If you're desperate for housing, then get rid of rent controls.
--- End quote ---
Agreed, although I was under the impression they grandfathered those in and got rid of it a while ago.
Switch to mixed use zoning and get rid of density restrictions too.
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