 The future of housing and the future of New York City are tied together. The 1961 zoning resolution drastically changed the way our city will build housing in office space for decades to come, ultimately leading to a massive housing shortage. We're proposing the most ambitious changes to zoning in the history of New York City. Affordable housing is what we need. We are going to allow buildings to get 20% bigger only if they use the new space to deliver permanent affordable housing. Our proposal will legalize the types of modestly sized apartment buildings, places where we can stroll, shop and dine. We will put public transportation at the center of our approach to housing by building more apartments within walking distance of our transit system. This plan will eliminate barriers to creating new housing on existing campuses. Under our existing rules, many of these institutions are prevented from developing new builders on their unused land. Let's make it easier to transform empty office space into available and accessible housing. We're going to give homeowners more flexibility to use their own property as they wish. By legalizing backyard cottages, converted garages and basement apartments. And last but definitely not least, we're going to create housing for New Yorkers, not cars. Our new rules will eliminate parking mandates for new housing across New York City. Passing these new rules will help us create an additional 100,000 new homes. And 250,000 families sustaining jobs. If we do this right, decades from now, New Yorkers will see this moment for what it is. A turning point away from exclusionary policies and outdated ideas. Towards a brighter, bolder and more equitable future. My little apartment gave me the stepping stone that I needed. Let's get this done.