T
he City Council's stance on the City of Yes for Housing Opportunity remains uncertain. Last Thursday, Speaker Adrienne Adams acknowledged that negotiations are ongoing due to various concerns raised during a 14-hour hearing. She emphasized that the Council is working to incorporate its own plan, City for All, alongside the text amendment, prioritizing affordability and infrastructure investments.

    The Council's eagerness to add affordability requirements to transit-oriented developments and "town center" projects suggests they're willing to make concessions. However, it's unclear how far they'll go to address concerns about eliminating parking minimums and its impact on transit deserts. The text amendment is expected to reach a full City Council vote on December 4.

    The outcome of the vote may influence the re-election chances of City Council members next year. Meanwhile, other New York news includes a drought warning for the city and 10 surrounding counties, water-use restrictions now in effect, and the MTA's approval of an updated congestion pricing plan set to launch in January.