You are here

Mayor de Blasio Announces City Secured More Affordable Housing in 2017 Than in Any Prior Year

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.

Read Complete Article