31 Mitchell A. Korbey Partner at Herrick; Chair, Land Use & Zoning Group Robert Huberman Partner at Herrick Vinh Van Vo Planning and Development Specialist at Herrick’s Land Use & Zoning Group Herrick’s Land Use & Zoning Team updates on sweeping changes that will impact real estate development and investment opportunities for all working in NYC, including Israeli investors. Herrick’s Land Use & Zoning Team has learned that the New York City Council has voted to approve the City of Yes for Housing Opportunity (COYHO) zoning text amendment. This is the third “City of Yes” text amendment that has been approved in the last year – the others being City of Yes for Carbon Neutrality and City of Yes for Economic Opportunity. Taken together, these text amendments include the most comprehensive and sweeping zoning changes since the adoption of the Zoning Resolution in 1961. “City of Yes for Housing Opportunity” Text Amendment is Approved by the City Council
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