Dan Garodnick

Former Director, NYC Department of City Planning; Former Chair, City Planning Commission

Appears in 1 story

Stories

New York City builds the most apartments in a single year since 1965

As of July 2026: Resigned January 2026, eight days into Mamdani administration

New York City finished 38,682 apartments in 2025, the most in a single year since 1965, driven by the City of Yes zoning rewrite and the 485-x rental tax break. The record has since run into complications: permit approvals fell nearly 28 percent in 2025 as tariffs and 485-x's wage rules pushed up costs, and developers began filing permits for buildings of exactly 99 units to avoid the program's higher wage threshold.

Updated Jul 9