T
he New York City Council is pushing a bill that would require at least 6% of affordable housing units built with city subsidies to be sold rather than rented out. The measure aims to increase homeownership opportunities, but the Adams administration warns that it could lead to a tug-of-war over city resources. The requirement would start in 2026 and apply to new construction, conversions, and down payment assistance.

    The Department of Housing Preservation and Development (HPD) supports the goal but expressed concerns about setting a fixed number of units. HPD's deputy commissioner, Kim Darga, warned that rigid requirements could limit the agency's ability to maximize resources and potentially leave projects unfinished or abandoned.

    Council Speaker Adrienne Adams sponsored the bill, citing her own family's experience buying a home in Jamaica, Queens, as an example of how homeownership can build generational wealth. However, she acknowledged that the lack of affordable housing opportunities is pushing working- and middle-class families to leave the city.

    HPD also announced the relaunch and expansion of its HomeFix program, which provides low-interest loans for homeowners to repair their properties. The agency is partnering with a non-profit organization to help 450 homeowners over three years.

    The Adams administration is promoting the City of Yes for Housing Opportunity package, which aims to make it easier to build housing in low-density areas by relaxing zoning requirements and eliminating parking mandates. However, some elected officials in Queens have expressed opposition to certain aspects of the proposal, including allowing accessory dwelling units on private properties.