The Housing New York plan is currently ahead of the affordable housing production goals we set in 2014. At the end of 2018, the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) have created or preserved 121,919 affordable homes, surpassing the targets to date.
The Housing New York plan continues to live up to its initial Promises:
Rezoning Areas/Public Sites
The City advanced new construction on large public sites in rezoning and urban renewal areas, including major developments at Hunter’s Point South in Long Island City, Queens, and the first phase of a multi-phase development in Coney Island, Brooklyn. These projects represent some of the 3,000 newly constructed apartments financed on public land last year; bringing the total under HNY to 10,480 homes.
Mandatory Inclusionary Housing
Since MIH was introduced in March 2016, the City has financed 1,300 permanently affordable homes, and is now tracking 7,800 MIH apartments through rezoning applications; including 5,600 MIH apartments in 64 projects approved by the City Council that have not yet closed.
The City also produced 1,175 affordable apartments across 134 projects through 421a with no additional City funding. This is almost a four-fold increase from last calendar year in the number of apartments created, most of which are in high-cost neighborhoods.
Homeless and Supportive Housing
Through significant changes to our financing programs, the City secured 2,500 apartments for homeless New Yorkers – a record number that brought the total to almost 10,000 apartments set aside for homeless households over the life of the plan. In part, this includes the 4,770 supportive housing apartments the City has financed since the start of the administration.
NYC Housing Connect
The City’s housing lottery posted 7,700 affordable homes in 2018, an increase of nearly 50% from the 5,200 affordable apartments that went through the lottery in 2017, and nearly triple the 2,900 posted in 2014. Since 2014, HPD and HDC have marketed 24,443 affordable apartments through Housing Connect, including 18,800 financed under HNY. The agencies also updated their guidelines to speed up the delivery of affordable housing and ensure those homes serve the New Yorkers who need them most.
M/WBE Build Up
New program spurred 63 projects with 18,122 apartments to set and meet M/WBE participation goals that are expected to generate over $306 million in spending. Since the program’s inception, 105 projects have been required to participate in the program for a combined expected spending amount of $481 million.
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. Last year, the City financed 1,830 apartments for seniors; bringing the total number of senior homes produced under HNY to 7,390.
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 14,859 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. This brings the total of Mitchell-Lama homes and apartments preserved under HNY to 33,937.
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. Last year, the City financed 10,295 homeownership opportunities for a total of 22,895 under the plan.
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.
To learn more about how New Yorkers can apply for affordable housing, fight eviction, and freeze their rent, visit the City’s new housing web portal at nyc.gov/housing.