The City of New York has set a city record for preserving more than 24,500 affordable housing units last year. It’s the highest number in the city in nearly 30 years, eclipsing 1989’s 23,100 affordable units. Mayor de Blasio administration has created or preserved more than 87,500 affordable housing units over the course of the past four years. As part of his housing initiative, dubbed “Housing 2.0,” de Blasio plans to increase taxes on landlords who have vacant lots that are zoned residential. The administration is also pushing for a “tiny home” design competition that could add affordable housing on smaller lots.
“Not only did we generate the most affordable housing in a single calendar year — a full half of those homes will serve extremely and very low-income New Yorkers,” said Housing Preservation and Development Commissioner Maria Torres-Springer.
