Posted on: August 05, 2024 05:31 PM

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More funding announced for ADU in NYC

Before you read further, remember you are on your own with strangers in your home.

Now continue reading.

As part of City of Yes to make housing by any means including garage conversion, the NYC Mayor announced new tools to expand accessory dwelling units (ADU).

According to the Mayor, “ADUs are defined as any secondary independent unit on the same property as a primary home, including backyard cottages and basement apartments with separate entrances. The new tools include a one-stop shop portal to remove bureaucratic red tape and new a $4 million grant funding to support an ADU pilot program. ADUs are a proven solution to create critically-needed housing as the city faces a historic housing affordability and shortage crisis. Today’s announcement comes as the Adams administration aims to address the housing crisis with the “City of Yes for Housing Opportunity” proposal, which aims to produce as many as 108,850 new homes over 15 years, including by legalizing ADUs.”

The Mayor quoted, “For our seniors fighting to stay in the neighborhoods they call home or young people struggling to find a living space, accessory dwelling units can be a lifeline to stable, affordable housing. Together, we can build our way towards a better future, but that must include saying ‘yes’ to ‘City of Yes for Housing Opportunity’ and legalizing accessory dwelling units.”

The Mayor didn't respond to "What if the tenants don't pay the rent?"

Enjoy.