Mayor de Blasio today (Jan 16) announced that his administration financed more than 24,536 affordable homes last year, breaking an all-time record previously set by former Mayor Ed Koch in 1989. Nearly half of those homes – 48 percent – serve people making less than $33,400 per year, or $43,000 for a family of three.
The Mayor marked the milestone by joining 79 year-old Jasper Hurst as he signed a lease for his affordable apartment at the brand new Cypress Hills Senior Residences, where more than 50 tenants are moving in this month. The building was part of a major wave of construction financed early in the de Blasio administration that is now renting up. The City’s housing lottery posted a record 5,300 affordable apartments in 2017, more than double the 2,500 posted in 2014.
To help New Yorkers access these new opportunities, the City is increasing outreach, launching a new housing web portal today at nyc.gov/LongLiveNY, as well as new ads to direct tenants to resources to help apply for affordable housing, fight eviction, and freeze their rent.
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