Did De Blasio count affordable-housing funding twice?

Mayor takes credit for 8,700 units that Bloomberg administration also claimed

New York /
Aug.August 05, 2014 11:20 AM

The Bill de Blasio administration claims that, in the first six months of this year, 8,700 units of affordable housing received financing. The previous administration, however, had already counted those apartments as the last installment payment affiliated with the 2005 plan to construct 165,000 affordable-housing units in the city, according to Crain’s.

Then-Mayor Michael Bloomberg vowed he would meet the goal by June 30, the end of the 2014 fiscal year.

Both administrations acknowledged that the signing of an affordability agreement and the securing of financing renders a particular housing unit eligible to be counted as part of the total.

“We wouldn’t double count,” said Alicia Glen, deputy mayor for housing and economic development, said in a news conference late last month, as cited by Crain’s. “When people talk about the prior plan, that would be all [unit starts before] Jan. 1, 2014.” [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
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
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Interactive Map of Projects Planned Under Gowanus Rezoning
Here they come: Map shows projects planned in rezoned Gowanus
Here they come: Map shows projects planned in rezoned Gowanus
City Council greenlights Gowanus, Blood Center rezonings
City Council greenlights Gowanus, Blood Center rezonings
City Council greenlights Gowanus, Blood Center rezonings
Mayor Bill de Blasio, Hotel Trades Council's Rich Maroko and Council member Rafael Salamanca (Getty, iStock)
Hotel development blocker now one step from de Blasio’s desk
Hotel development blocker now one step from de Blasio’s desk
Camber Property Group's Andrew Moelis and Rick Gropper with 2060 Pitkin Avenue in Brooklyn and 1971 and 1975 Grand Avenue in the Bronx (Photos via Camber Property Group, Omni New York)
Affordable housing developer Camber scoops up Section 8 portfolio
Affordable housing developer Camber scoops up Section 8 portfolio
33 Eastville Ave, Sag Harbor, NY (Google Maps)
East Hampton pursues affordable housing dev for former Baptist church
East Hampton pursues affordable housing dev for former Baptist church
Tishman Speyer president Rob Speyer and Edgemere Commons (Getty)
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...