New York City Housing Authority

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Mayor Bloomberg Announces Expanded Affordable Housing Plans

NYCHA Chairman Tino Hernandez joined Mayor Michael R. Bloomberg, Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan and Housing Development Corporation (HDC) President Emily Youssouf on February 23 for an announcement of the expansion of the Mayor's New Housing Marketplace Plan, which has grown from a $3.4 billion plan to build and preserve 68,000 units by 2008, to a $7.5 billion plan to build and preserve 165,000 units by 2013. This is the largest municipal affordable housing plan in the nation's history and will provide affordable homes for 500,000 New Yorkers.

Chairman Hernandez remarked how NYCHA and HPD, working together, have already completed 210 units of affordable housing at the University Macombs Apartments in Morris Heights in the Bronx and told of NYCHA's joint work with HPD at Brook Willis Apartments in the Bronx where we are rehabilitating 121 units. He also pointed to the NYCHA-HPD cooperative effort towards the redevelopment in Staten Island of Markham Gardens as a mixed-income, intergenerational development with a total of 350 units.

The announcement added further detail to Mayor Bloomberg's campaign pledge, which he re-affirmed in last month's State of the City address. The plan includes new tools to spur private investment in affordable housing including innovative uses for City-owned land, initiatives to preserve existing affordable units, and a new program to provide affordable housing for middle-class families.

Mayor Bloomberg announced the first developments in his middle-class housing initiative designed to encourage moderate- and middle-income families to stay in New York City and allow the City's economy to continue to grow. In the first developments, NYCHA and HPD will develop middle-class housing on NYCHA sites now used as parking lots at Harborview Terrace, Chelsea and Elliott Houses, and Fulton Houses in West Chelsea and Hudson Yards. This development will generate 435 units of housing for New York's working families, which will be completed and occupied by 2009.