The city broke records for the 2015 fiscal year after de Blasio’s administration built 8,500 new affordable units — the largest number of new homes created for New Yorkers who qualify for affordable housing, including seniors, the formerly homeless and low-income families. The city also restored nearly 12,000 apartments, bringing the total number of new and restored affordable units to 20,325. The units will benefit more than 50,000 New Yorkers.
The project brings de Blasio closer to his goal of designating 200,000 affordable apartments within 10 years. To reach this goal, de Blasio doubled the capital funding of the Department of Housing Preservation, creating a 10-year capital plan of 7.5 billion dollars.
New Yorkers who qualify for affordable housing often face displacement due to increased rent and higher living costs. In response to de Blasio’s success, Assembly Member Michael Blake said that “a home is the realization of a family’s dream. I commend Mayor de Blasio and Commissioner Been for the progress in preserving and creating affordable homes.”