“With a 1.4% vacancy rate, New Yorkers need more affordable housing, and fast,” said Annemarie Gray, Executive Director of Open New York. “We need to use every tool to speed up the creation of new homes, and the Neighborhood Builders Fast Track is a powerful new one. By cutting 8 months of process, affordable housing will get built faster, enabling more New Yorkers to access homes they can afford. We're excited to see the Mamdani Administration, Deputy Mayor Bozorg, and Commissioner Levy prioritize the fast delivery of more affordable housing."
