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Parking Lot to Affordable Housing | New York City News

Parking Lot to Affordable Housing | New York City News

Published 2 days, 2 hours ago
Description

The city’s turning a NYPD parking lot in the East Village into 131 affordable housing units—with 30% reserved for formerly homeless residents—and adding a senior center and community space. Part of Mayor Mamdani’s $5 billion affordable housing push, the plan aims to build or preserve 400,000 units over ten years. A community land trust ensures neighborhood control, and officials are speeding up approvals while expanding rental aid—offering real hope in New York’s housing crisis.

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