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Fried Frank says it reviewed New York City’s affordable housing fast-track districts
Fried Frank said it published a memorandum on New York City’s selection of twelve community districts for the Affordable Housing Fast Track. The firm said eligible residential upzoning applications in those districts will use an expedited process without City Council review beginning January 1, 2027.
Key points
- Fried Frank said the list applies for five years.Fried Frank
- The firm said eligible projects must primarily facilitate housing and be subject to, or introduce, Mandatory Inclusionary Housing requirements.Fried Frank
- Fried Frank said community boards and borough presidents conduct concurrent 60-day reviews.Fried Frank
- The firm said City Planning Commission review lasts 30 days, or 45 days when an environmental impact statement is required.Fried Frank