Housing New York is making slow and steady progress
One of the most difficult issues facing New York City is the struggle to provide residents with access to affordable housing. For years now, New York City’s population growth has outpaced its housing production. In turn, the price of housing has skyrocketed, threatening the living standards of many New Yorkers. In response, Mayor Bill de Blasio has undertaken an effort to provide more than 200,000 units of subsidized housing over a decade in an ambitious plan known as Housing New York. The plan looks to help not only those in the lowest income brackets, including the homeless and senior citizens, but also the middle class. After more than three years since it was announced, we take a closer look at the initiative’s progress.
Create or preserve 156,000 affordable housing units for lower-income households by 2024.
Housing units started for lower income households by year:
Create or preserve 44,000 affordable housing units for middle-income households by 2024.
Housing units started for middle income households by year:
Create or preserve 13,200 housing units for the homeless by the year 2024.
Units started for homeless individuals and families by year:
Create or preserve 10,000 housing units for senior individuals and families by 2024.
Housings units started for senior individuals and families by year:
* FY 2014 data includes only the last six months of the fiscal year.
** FY 2017 data includes only the first four months of the fiscal year. Data provided by the Preliminary Mayor’s Management Report, data accurate as of Oct. 31, 2016.