Mayor Bill de Blasio announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.
The Mayor’s Housing New York plan now is ahead of schedule, with 52,936 affordable homes financed so far, enough for 130,000 New Yorkers. Affordable housing for the very poorest New Yorkers – those earning less than $24,000 per year – surged with 3,500 new apartments. Nearly 4,000 affordable homes for low-income seniors are also underway.
The City is protecting neighborhood affordability on every front. The City is investing more than ever in NYCHA and its 600,000 tenants, evictions have declined 24 percent in two years, and the Rent Guidelines Board just passed its second consecutive rent freeze affecting 2.5 million tenants.
New Yorkers can apply for affordable housing at nyc.gov/housingconnect or by calling 311.
For more information on the Housing New York numbers, visit the Housing page.