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The city added 21,963 affordable housing units in 2016, the most in 27 years

When Mayor de Blasio took office in 2014, he vowed to build or preserve 200,000 units of affordable

When Mayor de Blasio took office in 2014, he vowed to build or preserve 200,000 units of affordable housing over 10 years, and so far, he’s made good on his word, despite the loss of the city’s controversial 421-a program. The Times reports that today the Mayor will announce that his administration has added 21,963 affordable units in 2016, the most since 1989. Of these apartments, 6,844 were in newly constructed buildings and roughly 4,400, or 20 percent, were reserved for low-income New Yorkers earning less than $25,000 (much more than the eight percent goal). More than 30 percent were in Manhattan, followed […]

The city added 21,963 affordable housing units in 2016, the most in 27 years : 6sqft