Housing New York: A Five-Borough, Ten-Year Plan

Housing New York: A Five-Borough, Ten-Year Plan

In the Plan
  • This is a plan to create 200,000 units of affordable housing over 10 years.
  • Approximately 194,000 construction jobs and nearly 7,200 permanent jobs will be generated by the housing plan.
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Infographic: Househods Served | Share of Housing Units Created or Preserved by Income Band

Affordable Homes Across income brackets

In the Plan
  • Affordable programs will serve households ranging from middle class to extremely low income.
  • Program changes will lock in affordability more fully than ever before, protecting the public investment and affordable housing stock for the long-term.
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A Bold Plan for Affordable Housing and Community  Development in All Five Boroughs

A Bold Plan for Affordable Housing and Community Development in All Five Boroughs

In the Plan
  • Work with communities to identify opportunity areas and plan for growth
  • Establish a Mandatory Inclusionary Housing Program to promote economic diversity and affordable housing development
  • Improve the effectiveness of voluntary inclusionary zoning
Infographic: Index of New York City Median Gross rent and Renter Household Income, 2005-2012

Our Current Affordable Housing Crisis

In the Plan
  • Housing costs are rising much faster than incomes.
  • Households looking to move to a new apartment generally face higher rents than existing residents.
  • Monthly utility costs increased by 20% from 2002-2011.
Infographic: Supply and Demand amoung Extremely Low Income and Very Low Income Renter Households

The Plan Addresses Supply and Demand Mismatch

In the Plan
  • The City will seek to unlock new development opportunities and lower costs by eliminating outdated regulations.
  • The City will work with financial institutions, pension funds and investors to leverage $3 in private investment in affordable housing for every $1 invested by the public sector.

Spread the Word


Share these images using #HousingNYC to get the word out about the five-borough, ten-year plan.
200,000 units of affordable housing
10 years. 5 boroughs. One City.
We should all be able to call New York home.
10 years. 5 boroughs. One City.
We should all be able to call New York home.

Message and News

Message from the Mayor

Photo fo Mayor de Blasio

To my fellow New Yorkers:

We have a crisis of affordability on our hands.

It's a crisis in many ways built on New York City's success. We are a safer, more welcoming city than we were decades ago. People from all over the world come to study, to work or to start a business here. And that success story has put pressure on our housing stock. Coupled with ever-rising economic inequality, it has created a painful reality where more and more New Yorkers are spending more and more to cover their housing costs, and entire neighborhoods have lost their affordability.

Affordable housing is part of the bedrock of what makes New York City work. It's what underpins the economically diverse neighborhoods New Yorkers want to live in. It's critical to providing financial stability for working families, helping them get ahead and build a better life.

And that is why today, we are laying out a comprehensive plan to build and preserve 200,000 affordable units over the coming decade for households, to support New Yorkers with a range of incomes, from the very lowest to those in the middle class. This is a plan to get ahead of the curve, to protect neighborhoods and build our city's next generation of affordable housing. It's about knitting communities together.

Our affordable housing policies must reach every New Yorker in need, which is why this plan thinks big about the changes we need to make—in government and in the private sector—to make this a city where everyone rises together, and everyone has a safe and decent home.

If you're in a community where affordability is disappearing, we want to protect it.

If your family lives in a rent-regulated apartment, this plan is focused on helping you keep it.

If you're a senior trying to remain in the neighborhood you helped to build, we are fighting to help you stay.

If you are a building owner or developer intent on building or preserving affordable apartments, we will support you.

This is a five-borough, ten-year plan. It will marshal people and resources from every corner of this city behind a singular purpose: to make this city again a place where our most vulnerable, our working people and our middle class can all thrive. Together, let's make that vision a reality.

Mayor Bill de Blasio

 

News

Mayor de Blasio, Comptroller Stringer, Community Preservation Corporation, and Citi Announce New Partnership to Invest $350 Million in Affordable Housing
July 30, 2014
Mayor Bill de Blasio and Comptroller Scott M. Stringer today announced a partnership to establish a $350 million fund to support affordable housing throughout New York City, marking a major investment in the administration’s historic plan to create and preserve 200,000 units of affordable housing.


Mayor de Blasio, State Housing Chairs Young and Wright, HPD Commissioner Been Announce City Program To Foster Participation Of Minority And Women-Owned Business Enterprises In Affordable Housing Development
July 13, 2014
Mayor Bill de Blasio, New York State Senator Cathy Young, Assembly Member Keith Wright, and Housing Preservation and Development (HPD) Commissioner Vicki Been announced passage of legislation that allows HPD to create a pipeline of affordable housing development opportunities dedicated to increasing the participation of Minority and Women-Owned Business Enterprises (M/WBEs) in HPD's programs.


Mayor de Blasio and Council Speaker Mark-Viverito Join Broadway Housing Communities to Celebrate Innovative Sugar Hill Development
June 9, 2014
Mayor Bill de Blasio and New York City Council Speaker Melissa Mark-Viverito joined with community leaders, affordable housing lenders and neighborhood elected officials on Monday to celebrate Broadway Housing Communities (BHC) new Sugar Hill Development as it nears completion.


Elected Officials, Housing Providers, Advocates, Developers and Labor Applaud 'Housing New York: A Five-Borough, Ten-Year Housing Plan'
May 5, 2014
Mayor Bill de Blasio today announced Housing New York: A Five-Borough, Ten-Year Plan, a $41 billion plan to build or preserve 200,000 affordable units.


Mayor de Blasio Unveils 'Housing New York': A Five-Borough, 10-Year Housing Plan To Protect And Expand Affordability
May 5, 2014
Mayor Bill de Blasio today laid out a 10-year plan to build or preserve 200,000 affordable apartments across all five boroughs—enough housing to serve more than a half-million New Yorkers.