Summary
Committee on Economic Development Approves Local Laws on Community Impact Reporting and Housing Authority Commercial Space Use
New YorkJul 14, 20254 min read
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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Topics discussed
Feasibility studies for resident-owned businessesEconomic development subsidiesJob creation and displacement analysisVacant NYCHA commercial space utilizationGrant funding for small businessesCity-subsidized project transparencyCommerceCommunity impact reporting for economic development projectsLocal law amendmentsHousing
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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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Meeting information
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Committee on Economic Development
Jul 14, 2025, 12:00 AMCommittee Room - City Hallcompleted
VOTE*
Agenda
- A Local Law to amend the administrative code of the city of New York, in relation to the posting of community impact reports for city-subsidized economic development projects
- A Local Law to amend the administrative code of the city of New York, in relation to a feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses
- Roll Call
- A Local Law to amend the administrative code of the city of New York, in relation to the posting of community impact reports for city-subsidized economic development projects
- A Local Law to amend the administrative code of the city of New York, in relation to the posting of community impact reports for city-subsidized economic development projects
- A Local Law to amend the administrative code of the city of New York, in relation to the posting of community impact reports for city-subsidized economic development projects
- A Local Law to amend the administrative code of the city of New York, in relation to a feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to a feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to a feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses
- A Local Law to amend the administrative code of the city of New York, in relation to including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses
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