The Housing New York plan is currently ahead of the affordable housing production goals we set in 2014. As of September 30, 2019, the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) have created or preserved 136,912 affordable homes, surpassing the targets to date.
In November 2017, the administration launched Housing New York 2.0, a roadmap to achieve the accelerated and expanded goal of producing 300,000 affordable homes by 2026. Since then, HPD and HDC have made significant progress towards many of the key initiatives laid out in HNY 2.0, including:
As part of Seniors First, a three-pronged strategy to help serve 30,000 seniors over the 12 year plan, HPD introduced Aging in Place to ensure seniors in preservation projects get the improvements they need to stay in their apartments and age in place.
Created the new Neighborhood Pillars program to help finance the acquisition and rehabilitation of rent-stabilized and unregulated buildings, and Partners in Preservation to identify community-based organizations to develop and coordinate anti-displacement strategies with local stakeholders and tenants in targeted neighborhoods.
Secured the continued affordability of coops and apartments in Mitchell-Lama developments, including Masyrk Towers, Lindsay Park, Franklin Plaza Apartments, and Starrett City, the largest federally subsidized development in the nation.
Rolled out the new HomeFix program to connect existing homeowners to funding for repairs and counseling, and launched Open Door to build new affordable condos and coops.
Launched ShareNYC, a new initiative to reshape the model of shared housing into a dynamic new source of affordable housing for New Yorkers, and Modular NYC to leverage the use of modular design and construction, and announced the finalists of the Big Ideas for Small Lots NYC design competition.
To learn more about how New Yorkers can apply for affordable housing, fight eviction, and freeze their rent, visit the City’s new Housing Resource Center at nyc.gov/housing.