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NYC Finances Nearly 30K Affordable Units in 2020
Mayor Bill de Blasio joined the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) to announce that the city financed the construction or preservation of 29,521 affordable homes in calendar year 2020 – the second-highest calendar year total in New York City history.
These homes, including projects in Northern Manhattan and the Bronx, keep the city on track to meet its nation-leading goal to provide 300,000 affordable homes by 2026. Fifty-seven percent of affordable homes created in 2020 will serve families of three earning less than $52,000 per year.
“This administration’s ambitious affordable housing commitments remain on track and we’re charging full steam ahead,” said HPD Commissioner Louise Carroll. “We are focused on projects that deliver on the key commitments of Your Home NYC and will serve the most vulnerable communities while also driving economic recovery through this challenging time.”
Rendering of Soundview Houses in the Bronx courtesy of New York City Housing Authority.
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