The Real Deal New York

Affordable housing: poised for de Blasio boost

Developers say mayor will spur development in affordable sector, not hinder market-rate

From the February issue: It’s been a long time since affordable housing development was seen as the ugly duckling of the real estate world in New York City. In fact, its status rose under former Mayor Michael Bloomberg’s ambitious plan to develop and preserve 165,000 affordable units.

Now the sector is poised to get another boost as the city’s new mayor, Bill de Blasio, starts implementing his agenda, which hinges on producing 200,000 affordable units. [more]