DE BLASIO ADMINISTRATION FINANCED MORE THAN 34,000 AFFORDABLE HOMES IN 2018 – A NEW RECORD

Mayor de Blasio announced today that his administration financed 34,160 affordable homes last year, setting a new high-water mark for affordable housing production in New York City. This includes a record for both new construction, with 10,099 new homes financed


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The New York City Housing Development Corporation (“HDC”) provides a variety of financing programs for the creation and preservation of multi-family affordable housing throughout the five boroughs of New York City.  HDC is implementing Mayor Bloomberg’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing over ten years. The New Housing Marketplace Plan is the largest municipal affordable housing effort in the nation’s history.  HDC’s programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population.

Contact:
Christina Sanchez
Phone: (212) 227-2644

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