De Blasio expects 16K affordable housing units by year’s end

10,800 apartments have been financed since January, according to mayor's office

TRD New York /
Dec.December 11, 2014 04:20 PM

Mayor Bill de Blasio said today his administration is aiming to finance a total of 16,000 units of affordable housing by the end of the year.

There have been 10,800 apartments financed so far, the mayor at the groundbreaking of the Artsbridge senior housing complex in the Bronx. Another 5,200 apartments are on pace to be completed in the next few weeks.

“We are more than on-target,” Vicki Been, commissioner of the Department of Housing Preservation and Development, said. “We are doing great toward what we projected for calendar year 2014, which was more than 16,000.”

In May, the mayor unveiled his $41 billion plan to create 200,000 units of affordable housing over the next decade, as previously reported. He seeks to preserve 120,000 affordable units and build 80,000 new units across the five boroughs. [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
Alicia Glen

Alicia Glen to launch development firm, MSquared

Alicia Glen to launch development firm, MSquared
Brad Lander and Vanessa Gibson (Credit: Getty, iStock)

NYC will lose 21,000 affordable units to budget cuts: report

NYC will lose 21,000 affordable units to budget cuts: report
Mayor Bill de Blasio (Getty, iStock)

Developers fume over city plan to cut affordable housing spending

Developers fume over city plan to cut affordable housing spending
Mayor Bill de Blasio (Getty)

New law shields restaurateurs, retailers who quit leases

New law shields restaurateurs, retailers who quit leases
(Credit: iStock)

No Covid break for big properties with unpaid taxes

No Covid break for big properties with unpaid taxes
A new study found that almost nine in 10 households have paid at least some rent in May (Credit: iStock)

Almost 90% of renters have made payments in May: report

Almost 90% of renters have made payments in May: report
arrow_forward_ios

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

Loading...