In Brooklyn, mayor touts success of affordable housing plan
by Patrick Kearns
Jan 12, 2016 | 6803 views | 0 0 comments | 79 79 recommendations | email to a friend | print
Mayor Bill de Blasio held a press conference in Bed-Stuy on Monday to celebrate the success of his 10-year affordable housing plan through year two. To date, the program has financed 40,000 units of both revitalized existing housing and new construction.

“We’re here today with some very good news about affordable housing in this neighborhood and all over the city,” de Blasio said.

Across all five boroughs, the city has financed 40,204 affordable apartments since de Blasio has taken office. Some of the new apartments were directly across Vernon Avenue, where de Blasio was touting the plan’s progress.

“Across the street from us now is four buildings which house 65 tenants,” he said. “Sixty-five New Yorkers live in those buildings.”

Those four buildings will join nine others in Bed-Stuy and Crown Heights in being fully renovated and preserved as affordable for the next 30 years.

“Thirty years that these families will be guaranteed a good, clean, safe and affordable place to live,” de Blasio said. “The city is providing the funds necessary for critical repairs at these 13 buildings.”

The work on the already existing 212 units include repairs to roofs, windows and crumbling façades, as well as upgrading lobbies and common areas.

Those units are part of the mayor’s 10-year affordable housing plan, which calls for the creation of 200,000 new units, which puts the administration through year two ahead of schedule.

“This has to be a city for everyone,” de Blasio said. “And that’s why we are fighting displacement in fast-changing neighborhoods. It’s why we’re putting shovels in the ground on a new generation of apartments that working people can actually afford.”

The 21,041 units that were financed this year is the highest number in 25 years, according to de Blasio, and the 7,179 new units were a record for New York City. In total, the city invested $600 million and leveraged more than $1.3 billion in bonds issued by the Housing Development Corporation.

“The number of affordable homes we have financed over the last two years is a huge accomplishment,” said Department of Housing Preservation and Development Vicki Been. “These aren’t just homes, they’re brighter futures for homeless veterans, working families and extremely low-income New Yorkers.”

“We’re very very proud of the numbers, but the numbers, again, they represent human beings,” added de Blasio. “They represent the difference between a family that struggles and a family that has security.”

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