Dispute between agencies has delayed moderate-income housing

December 03, 2008 12:34PM

A dispute between the city’s housing agency and the mayor’s
budget office has delayed the building of low- and moderate-income housing, according
to city officials, developers and advocates. The dispute involves the financing
of homeownership projects on city-owned land. The Department of Housing Preservation and Development wants to
move forward on these projects, but the Office of Management and Budget does not want to spend
city funds in neighborhoods with struggling housing markets. Mayor Michael Bloomberg is
pursuing a plan to create 165,000 units of housing for low- and moderate-income
New Yorkers by 2013. So far, more than 82,500 units have been financed. 


Comments are closed.