The Housing New York plan is currently ahead of the affordable housing production goals we set in 2014. As of June 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 135,437 affordable homes, surpassing the targets to date.
The Housing New York plan continues to live up to its initial promises, by prioritizing stabilizing the lives of New Yorkers in need by increasing access to affordable housing opportunities. In the past Fiscal Year, the City financed the construction and preservation of more permanent housing for formerly homeless New Yorkers than any other Fiscal Year on record:
Commitment to New York City Seniors
The City financed nearly 2,000 affordable homes for seniors in this fiscal year alone, for a cumulative total of 8,476 senior restricted units financed since the beginning of the de Blasio administration. HPD also recently launched its Affordable Independent Residents for Seniors (AIRS) program which will leverage the zoning code to accelerate the creation of affordable, rent-stabilized homes for seniors throughout the five boroughs.
Affordable Housing with Supportive Services
Supportive housing combines affordable housing with specialized programmatic supportive services for chronically homeless individuals and families. This fiscal year also marked the highest number of supportive housing units financed in this Administration, with the creation and preservation of over 1,330 homes that offer critical supportive services for New Yorkers in need.
Delivering on Deeply Affordable Housing
Of the 25,299 homes financed this past Fiscal Year, which ended June 30, 54 percent will serve very low-income families earning less than $48,000 per year, including more than 5,300 homes for families of three earning less than $28,800 per year. Over 4,000 of the 25,299 affordable homes financed this year, and over 36,000 of the total 135,437 HNY units financed to date will remain affordable permanently. All other units are subject to binding regulatory agreements that ensure affordability for at least a generation.
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.