Mayor claims progress in record setting number of affordable housing created & preserved this past year
New York City.
According to numerous press reports, Mayor de Blasio announced this week that his administration has financed the creation & preservation of a record number of affordable housing units.
Curbed NY reports that in new housing, 8500 units were created and an existing 11,825 units of affordable housing were preserved. The city claims that this is a record.
Housing for Whom & Where
Here is the official announcement from the administration with some details & quotes from validators (elected officials & housing advocate leaders attesting to the progress):
Apparently, many of the new homes will be for middle income New Yorkers. I believe this is good progress. According to Curbed NY: “The new and preserved affordable housing hits high on the city’s mark for income range, with nearly 70 percent of dwellings set aside for low income households making between $38,851 and $62,150 annually, as opposed to the city’s goal of 58 percent of dwellings set aside for low income households. Fewer than 20 percent of the dwellings were set aside for less affluent households”
I hope when the housing is actually built it has permanent affordable housing and the income thresholds include middle class housing. As most New Yorkers know, there is a huge need for affordable housing for the poor and working class.
Affordable Housing coming to Hudson Yards
According to DNA INFO, Council Member Corey Johnson negotiated with the administration, NYC EDC and the Department of Housing Preservation & Development to bring 100% affordable housing to the neighborhood. The city owned parking lot on 39th Street & 11 Ave will be developed into hundreds of units of affordable housing. Of course, the details have yet to be revealed and a developer has not been selected. Council Member Johnson and the Mayor deserve kudos for this achievement on more affordable housing.
The vital need for more permanent affordable housing throughout NYC
With apartment rents hitting all time highs, $3500 plus for a one bedroom in many parts of the West Side of NYC and one bedroom apartments for sale at prices at $850,000 to over $1 million with little inventory in Manhattan’s Hell’s Kitchen and Midtown West, the creation of more affordable housing is essential. Let’s stay tuned to see what is actually developed, the application process and affordable for whom?
Photo credit: wirednewyork.com
Atlantic Development Group
Boricua Village, seen in this rendering, is being built by the Atlantic Development Group in the South Bronx.