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NYC launches ‘Fast Track’ program to speed affordable housing development, includes Brooklyn site

New York City launched a Fast Track program to cut affordable housing development timelines in half, selecting 784-800 Myrtle Avenue in Brooklyn as a pilot site.

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Mayor Zohran Kwame Mamdani launched the Neighborhood Builders Fast Track program Tuesday, cutting the timeline to select affordable housing developers by nearly half and targeting 784-800 Myrtle Avenue in Bed-Stuy as one of three initial sites.

The program will pre-qualify affordable housing developers and shorten the Request for Proposals process by eight months. Combined with the new Expedited Land Use Review Procedure approved by voters in November, the initiative will cut the pre-development process by more than two years.

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