Since Mayor de Blasio launched the Housing New York Plan in 2014, New York City has accelerated the construction and preservation of affordable housing to levels not seen in 30 years.
With the foundation built these past four years, we are now positioned to accelerate and expand on Housing New York.
When the Administration took office, it inherited an impressive public-private engine capable of building and protecting 15,000 affordable homes per year. These past four years, with new funding and new tools, the City has increased that capacity to 20,000 affordable homes per year - the goal outlined in Housing New York: A Five-Borough, Ten-Year Plan in 2014.
The City is in a position to reach a sustained goal of 25,000 affordable homes preserved or constructed per year - a rate it has never before achieved.
That accelerated pace will result in the Housing Plan's completion of 200,000 affordable homes by 2022, two years ahead of schedule.
Combining the existing foundation with new programs, tools, and additional resources to fuel the machinery, we will now enable the Housing Plan to generate a further 100,000 affordable homes over the following four years - 300,000 total by 2026.
In 2017, the Administration released Housing New York 2.0, laying out new tools to build and preserve affordable homes for 300,000 New York families.