Bloomberg on track to meet 165K affordable units goal

Jan.January 03, 2014 11:01 AM

The Bloomberg administration is well on its way to meet – in fact, exceed – its goal of building or preserving 165,000 affordable housing units by July 2014, according to a new report from the city’s Department of Housing Preservation & Development.

The city launched its affordable housing initiative – known as the New Housing Marketplace Plan – in 2003, and had completed nearly 160,000 units of affordable housing by the end of 2013, according to the report. Under the plan Manhattan had 51,168 units built or preserved, the most of any borough. Brooklyn had 37,643 units built or preserved, the Bronx had 49,426 , Queens had 16,530 and Staten Island had 2,463.

The Bloomberg administration has invested about $23.6 billion in the affordable housing plan, according to the report.

Mayor Bill de Blasio’s plan is even more ambitious, calling for the building or preservation of nearly 200,000 affordable housing units over the next decade. []Hiten Samtani

Related Articles

A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

DSS commissioner Steven Banks with 148 West 124th Street (left) and 79 East 125th Street (right) (Credit: Google Maps and Getty Images)

City will convert 14 apartment buildings into housing for homeless

A rendering of The Dime at 209 Havemeyer Street in Brooklyn (Credit: Fogarty Finger)

New city rule requires luxury rental buildings to house homeless families

2790 West 5th Street in Coney Island (Credit: Google Maps)

Brooklyn man arrested for claiming to help victims buy Mitchell-Lama apartments

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

Partnership for New York City CEO Kathryn Wylde, Dan Garodnick and Slate Property Group's David Schwartz (Credit: Getty Images)

Real estate pros call tenant takeover bill flawed

(Credit: iStock)

City’s basement apartment crackdown ramps up