The Real Deal New York

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

10,800 apartments have been financed since January, according to mayor's office
December 11, 2014 04:20PM

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