July 26, 2016
It looks like it's been another successful year for Mayor de Blasio's affordable housing goals. When he took office in 2014, he pledged to build or preserve 200,000 such units over 10 years. In a January 2015 speech, he announced that during his first year, the city exceeded its goal by 1,300 apartments, building or preserving a total of 17,300 units. Now, an announcement on Monday from his administration says that the city is ahead of schedule with its goals thus far, financing the creation or preservation of nearly 53,000 affordable apartments.
As reported in the Times, "just in the fiscal year ending June 30, more affordable housing units — 23,284 — had been built or preserved than at any time since 1989." In a statement the Mayor said, "This engine is in full gear, financing enough affordable homes for 130,000 people in just two and a half years."
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