The New York City Council on Thursday approved the Midtown South Mixed-Use Plan, the largest residential neighborhood rezoning plan in two decades that is slated to create more than 9,500 new housing units. The plan includes over $448 million in community and infrastructure investments for the Midtown South area.
“To confront the citywide housing and affordability crisis, our city must build more homes and invest in housing solutions that allow generations of New Yorkers to remain in this city,” said Speaker Adrienne Adams. “The Council is proud to approve the historic Midtown South Mixed-Use Plan, as well as other housing projects, that will deliver over 10,000 new homes.”
Of the more than 9,500 units of housing, over 2,800 will be permanently affordable under the new zoning. The $448 million in community benefits and infrastructure improvements to the Midtown South area includes commitments for over $120 million in economic development resources to support the Garment District’s fashion and garment industry businesses.
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