Committee on Economic Development Approves Local Laws on Community Impact Reporting and Housing Authority Commercial Space Use
At a glance
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On July 14, 2025, the New York City Council's Committee on Economic Development, chaired by Amanda Farías, approved several local laws including amendments requiring community impact reports for city-subsidized economic development projects and feasibility studies on the temporary use of vacant New York City Housing Authority commercial spaces by resident-owned businesses.
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Key decisions
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- Approved Int 0164-2024-A to mandate posting of community impact reports for economic development projects receiving $4 million or more in city subsidies, including details on displacement, job creation, housing impacts, and additional analyses for highly distressed areas.
- Approved Int 0810-2024-A to require a feasibility study on temporary use of vacant NYCHA commercial spaces by resident-owned businesses.
- Approved Int 0844-2024-A to expand the feasibility study to include examination of potential grants up to $10,000 per business for resident-owned businesses using vacant NYCHA commercial space.
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