Number of Affordable Housing in New York City

Written by Stephanie Taylor, Editor-in-Chief, Intelligent Luxury

City of New York financed 25, 299 affordable homes in Fiscal Year 2019.  Affordable housing is necessary outside of New York City close to train stations.  New construction, 9,029 in the year of 2019.  Construct affordable housing in the tri-state area.  Start a construction company. 

“All New Yorkers deserve safe and stable housing opportunities that are not only within their means, but meet their needs. Creating homes for seniors, the homeless, and those in need of supportive services has always been a priority, and this year we’ve reached a milestone that makes our commitment to the most vulnerable among us crystal clear,” said HPD Commissioner Louise Carroll. “I want to thank our many partners on all levels of government, as well as our deep bench of committed development partners who have worked with us to deliver on our goal to create 300,000 affordable homes for New Yorkers.”

“HDC is proud to have contributed $1.8 billion in bond financing towards affordable housing this fiscal year,” said HDC President Eric Enderlin. “With a deep commitment to meeting the diverse needs of our communities, we are delivering more housing to our lowest income individuals and families, formerly homeless households, aging seniors, and those in need of supportive services. The ongoing success of the Housing New York plan is made possible thanks to the steadfast leadership of the administration, as well as the countless contributions of our many dedicated partners.  As we celebrate this latest milestone, I’d like to congratulate everyone who continues to work tirelessly to make New York City a more affordable place to live.”