De Blasio Administration Announces a Record-Breaking 20,325 Affordable Apartments and Homes Financed in Last Fiscal Year, Enough for 50,000 New Yorkers

Mayor Bill de Blasio today announced that the City financed the creation and preservation of 20,325 affordable apartments and homes during fiscal year 2015, enough housing for more than 50,000 New Yorkers and the most in 25 years. The City broke an all-time record for the most new affordable apartments underway – nearly 8,500 – the highest figure since the City’s Department of Housing Preservation and Development was established in 1978