The Real Deal New York

De Blasio to unveil affordable housing scheme this week

Large-scale developments likely to be key part of mayor's plan

April 28, 2014 01:10PM

Bill de Blasio

Bill de Blasio

Mayor Bill de Blasio is expected to unveil details of his affordable housing plan by Thursday. The mayor, who made affordable housing a key component in his campaign, has promised to add or preserve 200,000 less-expensive housing units over the next 10 years.

While de Blasio has given few details of the plan, he has suggested that he supports the use of large-scale developments to achieve that goal.

Some critics have called the plan “crazy,” and challenged the enormity of the proposal, the New York Daily News reported. But during a speech at Columbia University on Friday, de Blasio maintained that the plan was viable, and part of a bigger effort to fight poverty and mend the wealth gap in New York City.

“That’s what we have to reach for and we will get there,” he said.

While some remain skeptical, real estate industry insiders also acknowledge de Blasio’s previous willingness to make deals with developers. “We’re not worried,” a source told the New York Daily News. [NYDN] – Sasha von Oldershausen

 

  • marknroses

    Queens/Brooklyn are the new frontiers. Barriers to entry in Manhattan are already too high. Residents of the outer boroughs should brace themselves because growth will be occurring near and along subway routes. Plus an “X” train would not be a bad idea for catalyzing more growth and density in the outer boroughs.

  • G. Steph.

    Scheme? Thats some serious editorializing. I believe its called a “plan” in the non-biased world.

  • TefExpat
  • Denfensivemuch

    Yo!–G Steph.—”Scheme” is an appropriate and non-biased word for “plan”. It is most often used in Britain. You liberals need to get out more and lighten up.

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