MAYOR BLOOMBERG, DEPUTY MAYOR STEEL, HOUSING COMMISSIONER WAMBUA AND HDC PRESIDENT JAHR ANNOUNCE NEW YORK CITY HAS REACHED MAJOR MILESTONE IN AFFORDABLE HOUSING PLAN

New York, NY – July 20, 2011 – (RealEstateRama) — Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Housing Preservation and Development Commissioner Mathew M. Wambua and New York City Housing Development Corporation (HDC) President Marc Jahr announced todaythe City has reached a major milestone in its affordable housing plan, the New Housing Marketplace Plan.