Mayor de Blasio, Deputy Mayor Vicki Been and others at ribbon cutting for a new affordable housing development in the Bronx, part of the City’s record year for creating affordable housing citywide. Image Credit: Ed Reed/Mayoral Photography Office.
The City is on track to create and preserve 200,000 affordable homes by the end of Mayor de Blasio’s administration. On July 26, 2021, Mayor Bill de Blasio and Deputy Mayor Vicki Been announced that the City created and preserved 28,310 affordable homes in the 2021 fiscal year.
This number includes a record 11,322 newly constructed units. The Department of Housing Preservation and Development, which had committed 50 percent of the units to families of three earning under $53,000, exceeded this benchmark, with 64 percent of units serving these families. The City also created 3,299 units for seniors and 2,788 for formerly homeless families.
With this announcement, Mayor de Blasio’s Your Home NYC housing plan remains on target to create and preserve 200,000 affordable homes by the end of the Mayor’s administration and 300,000 affordable homes by 2026.
The Your Home NYC plan addresses the City’s affordable housing crisis by financing homeownership opportunities, constructing mixed-use projects in historically disenfranchised neighborhoods, creating new equity standards for affordable housing development, and empowering minority and women-owned businesses and non-profit partners.
“Throughout the de Blasio administration, we have fought tirelessly to bring New Yorkers the safe, healthy, and affordable homes they deserve. In spite of the extraordinary setbacks of the past year, we exceeded our initial promise to the people of New York City and financed, preserved, and constructed more homes of quality than ever before through Your Home New York,” said Deputy Mayor for Housing and Economic Development Vicki Been. “This record breaking year is a testament to the perseverance, resilience, and commitment of the affordable housing champions of our city – at HPD, HDC, and our partners in development across all five boroughs.”
By: Nicholas Negron (Nicholas is the CityLaw intern and a New York Law School student, Class of 2022.)
Any estimate of how many “old affordable units” were demolished to accommodate these overpriced units?
This can’t be right considering that most of these luxury public housing buildings are 70-80% market rate.
So while creating and preserving 28,000 “affordable apts” (except NYCHA, which continue to rot) over 100,000 market rates apts were created and it’s a good bet half of them are still vacant.