The City Council adopted an act to amend the New York City zoning resolution, establishing a new special permit for certain residential conversions in high-density commercial and manufacturing districts. This permit aims to streamline the conversion of underutilized commercial buildings into residential units, with a particular focus on creating new affordable housing opportunities. The initiative is designed to address the city's housing shortage and promote the adaptive reuse of existing structures. The special permit allows for increased flexibility in development standards, including density, setbacks, and open space, provided that a significant portion of the converted units are designated as affordable housing. Provisions are also included to preserve ground-floor retail and ensure adequate public amenities.