De Blasio: Surge of Affordable Housing in Fiscal Year 2016
Mayor Bill de Blasio says his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016.
He says it’s the second highest production in New York City history and the most since Ed Koch was mayor.
Earlier Tuesday, a housing coalition also announced a proposal designed to balance investments in senior housing, supportive units, home ownership programs and other initiatives throughout the state, including in New York City.
De Blasio’s administration has set a goal of building 80,000 new affordable housing units over 10 years.
A recent New York University study found rents climbed over 15 percent in the last decade while the median per capita income of renters increased only 2 percent.
Meanwhile, some residents have expressed concern that gentrification, even if slowed, would alter their communities.
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