The MHNA opposes changes to NYC FAR in Governor’s Budget
Friday, February 11, 2022
The Murray Hill Neighborhood Association opposes the changes to New York City's FAR [Floor Area Ratio, a zoning term] in Governor Hochul's Executive Budget for FY2023.
The FY 2023 Governor's Executive Budget (New York State)
The text highlighted in yellow from page 110 of the Executive budget would lift the 12 FAR currently permitted in NYC.
Expand Housing Supply. Housing costs continue to rise throughout the state, exacerbated by inadequate housing supply. To improve housing affordability and availability, the Budget advances
legislation to expand the State’s housing supply, as follows.
(This was taken out of the budget)
Bolster Accessory Dwelling Units (ADUs) —Require municipalities to allow a minimum of one ADU on owner-occupied residentially zoned lots.
Spur Transit-Oriented Development—Allow dense multifamily construction in zones around rail transit stops within commuting distance to New York City.
Allow Appropriate Density—Repeal of the statutory limitation on the maximum density of the residential area of buildings in New York City, authorizing the City to allow for denser residential development where appropriate.
Encourage Hotel Conversions—Allow any Class B hotel located within or near a residential zoning district in New York City to use the existing certificate of occupancy to convert to permanent
residences, as long as the units are subject to applicable rent stabilization laws and agreements. Alterations must follow regulations for Class B hotels.
Create Affordable Neighborhoods–The Budget establishes the Affordable Neighborhoods for New Yorkers program to provide for the development of much needed affordable housing in New York City
See the MHNA letter opposing removing the cap on FAR at the link below.
Update, April 11, 2022. The item highlighted in yellow above was taken out of the New York State Senate & Assembly's one-house budget and was not included in the Governor's final budget.
Updated March 14, 2022, April 11, 2022