The Real Deal New York

City beat its affordable housing goals in 2014

There were 17,300 units built or preserved last year
January 16, 2015 08:30AM

Mayor Bill de Blasio’s administration built or preserved 17,300 units of affordable housing in 2014. That figure represents about 8.6 percent of his overall 200,000-unit goal, and exceeds the city’s projection of 16,000 units for 2014.

Last year, the city preserved 11,185 affordable apartments and financed the creation of 6,191 new units, according to Crain’s. The mayor announced the numbers during a press conference in Brooklyn on Thursday.

Of the 17,300 units that were created and preserved in 2014, about four percent were affordable to “extremely low-income families,” who earn less than $25,150 per year for a family of four. Most of the apartments went to those families who make between $41,951 and $67,120 per year.

About 1,300 more units than predicted were added in 2014. The city is looking to preserve and create roughly 20,000 units per year.

“It is a muscular plan,” the mayor said, according to Crain’s. “It is a plan that sees a problem and gets in the middle of it, rather than just watching as affordable building after affordable building slowly fades away.” [Crain’s] Claire Moses