Most Pro-Housing Administration in City History: Mayor Adams’ Administration Shatters Affordable Housing Records (Again)

August 1, 2025

Watch the video here at https://www.youtube.com/watch?v=4S2zjmzHuG0&t=1s

Adams Administration Produced Record Number of Affordable Rental Units in Fiscal Year 2025

Set Back-to-Back-to-Back Records for Producing Permanently Affordable Homes for Formerly - Homeless New Yorkers, Placing Homeless New Yorkers Into Housing, Connecting New Yorkers to Housing Through City’s Housing Lottery for Third Fiscal Year in a Row

Announcements Bring Total Number of Housing Units Created, Preserved, or Planned Through Adams Administration Efforts to Date to Approximately 426,800 Homes

Announcement Part of Mayor Adams’ “Housing Week” Highlighting City’s Efforts to Create More Homes, Connect More New Yorkers to Homes, and Keep New Yorkers in Homes They Already Have

NEW YORK – New York City Mayor Eric Adams today announced that the city broke multiple records for producing and connecting New Yorkers to affordable homes in Fiscal Year (FY) 2025, delivering the affordable housing that New Yorkers need and reinforcing the Adams administration’s position as the most pro-housing administration in city history. Additionally, Mayor Adams announced that his administration has created, preserved, or planned approximately 426,800 homes through its efforts to date. In FY 2025 specifically, through new construction and preservation programs, the Adams administration produced a total of 33,715 affordable homes — including 28,281 affordable homes through the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC), as well as 5,434 apartments that will be renovated through the New York City Housing Authority’s (NYCHA) Permanent Affordability Commitment Together (PACT) program.

Over the course of FY 2025, the Adams administration:

• Produced the most affordable rental units in city history.
• Produced the most affordable housing for formerly homeless households, for the third fiscal year in a row.
• Placed the most homeless New Yorkers into permanent affordable housing, for the third fiscal year in a row.
• Connected the most New Yorkers to affordable homes through the city’s affordable housing lottery, for the fiscal third year in a row.

For the first time, Mayor Adams today also announced the total number of affordable and market-rate homes created, preserved, or planned through the Adams administration’s housing initiatives to date. Between historic efforts by the Adams administration to finance the creation and preservation of housing; speed up the production of new homes through new initiatives like the Office Conversion Accelerator and the Green Fast Track; rehabilitate public housing through the PACT program and the New York City Public Housing Preservation Trust; pass landmark rezoning initiatives such as “City of Yes for Housing Opportunity” and the administration’s five neighborhood plans; successful advocacy in Albany to pass a historic housing deal last year; initiatives to build new homes on city-owned sites such as Executive Order 43 and the “24 in 24” plan; and much more, the Adams administration has created, preserved, or planned for approximately 426,800 homes for New Yorkers — including at least 250,000 affordable homes — over the next 15 years.

“Others may have talked about affordable housing, but we actually built it. Others may have talked about citywide rezoning, but we actually passed it. Others may have talked about taking on our city’s housing crisis, but we actually did it, and we’re continuing to do it every single day,” said Mayor Adams. “The numbers don’t lie: We have already laid the groundwork for over 426,000 homes across the five boroughs in the coming years, connecting over 31,000 New Yorkers to affordable homes. There’s no denying, we are the most pro-housing administration in city history, and we are continuing that work every day as we make New York a more affordable city for working-class families.”

“The numbers speak for themselves,” said Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrion, Jr. “This administration has proven that we are the most pro-housing administration in this city's history. We have broken record after record in planning, preserving, and building over 426,000 units of housing. Every one of these numbers represents a person, a family, and a New Yorker that will be put on the path to stability and success.”

Producing the Affordable Housing New Yorkers Need

From day one, the Adams administration has focused on creating the affordable homes New Yorkers need, breaking affordable housing records in FY 2023 and again in FY 2024. The administration continued those efforts in FY 2025, with HPD and HDC financing the creation or preservation of 28,281 affordable homes — including a record 26,087 affordable rental apartments. HPD has now produced a total of 85,962 affordable homes since the start of the Adams administration, with the last three fiscal years representing the most new affordable homes ever created in a three fiscal-year stretch (FY 2023 – FY 2025).

Following Mayor Adams’ successful advocacy in Albany to pass a historic housing deal last year, the Adams administration also produced a record 6,593 421-A standalone units and advanced the first 467-M and 485-X projects in FY 2025.

The Adams administration remains focused on making sure that every New Yorker can find an affordable place to live, with more than 95 percent of subsidized new construction designated for low-income New Yorkers. This is the second highest percentage on record, eclipsed only by last fiscal year.

HPD’s historic successes come despite steep challenges facing the city — including high interest rates, federal tariffs, economic uncertainty, and increasing costs for maintenance and operations — reinforcing, once again, the Adams administration’s record as the most pro-housing in our city’s history.

Furthermore, the Adams administration is committed to supporting the most vulnerable New Yorkers, especially those struggling with homelessness or in need of additional services. In FY 2025, HPD produced a historic 4,178 homeless units, breaking the record for the third fiscal year in a row and bringing the total number of homeless units produced under the Adams administration to 12,920. Within those homeless units, HPD produced 1,962 supportive units in FY 2025, for a total of 6,714 affordable, supportive units financed under the Adams administration. These historic numbers follow Mayor Adams’ announcement, earlier this year, that the city will reimagine the 15/15 Supportive Housing Initiative and invest $339 million over several years to create and preserve more congregate site supportive housing.

The Adams administration has put public housing first, becoming the first mayoral administration to include NYCHA in its housing plan and advocating for the creation of the New York City Public Housing Preservation Trust. In FY 2025, NYCHA conducted votes at five developments where residents chose between joining the Trust, the PACT program, or remaining in Section 9 housing. Residents at Hylan Houses and Coney Island I (Site 1B) selected the Trust while residents at Randall Avenue-Balcom Avenue chose the PACT; because of these votes, over 650 apartments will be transferred to Project-Based Section 8 funding and renovated to address the capital needs at the developments. Since the start of these votes in fall of 2023, four developments have voted in favor of joining the Trust, with a total of 1,776 units planned to receive comprehensive renovations as a result.

In FY 2025, NYCHA also converted 5,434 apartments to the Project-Based Section 8 program through the PACT, representing $2.2 billion in capital repairs. To date, NYCHA has now used the PACT program to convert over 27,000 apartments at 101 developments, representing over $7.9 billion in capital repairs across the city. Overall, 145 NYCHA developments — representing over 39,000 apartments — are in pre-development, are under construction, or have completed construction through the program; this represents over $13.5 billion in capital repairs for public housing. Finally, NYCHA has doubled the number of New York City Department of Homeless Services (DHS) placements from last fiscal year to this fiscal year and are on track to complete the most DHS placements in over three years.

Connecting a Record Numbers of New Yorkers to Affordable Homes

In addition to creating historic amounts of affordable housing, the Adams administration once again broke records for connecting New Yorkers to critically-needed affordable housing. In FY 2025, HPD connected a record 10,336 households to affordable homes through the city’s Housing Connect affordable housing lottery, breaking the record for the third fiscal year in a row and bringing the total number of households connected to affordable housing through Housing Connect under the Adams administration to 31,118 New Yorkers.

Additionally, for the third straight fiscal year, the Adams administration placed more formerly homeless households into permanent housing than ever before. A total of 4,651 homeless households were placed into affordable housing in FY 2025, with a total of 12,432 homeless households — representing approximately 26,000 New Yorkers — moving into permanent, affordable housing since the start of the Adams administration.

The New York City Department of Social Services also continued to build on its record-breaking progress, helping over 16,200 households move from shelter to subsidized permanent housing in just the first 11 months of FY 2025, a 30 percent increase over the same period in the last fiscal year and more than all of FY 2024. City Fighting Homelessness and Eviction Prevention Supplement (CityFHEPS) continues to serve as the primary support for those exiting shelter, with over 11,000 households — the majority of households — exiting with the support of a CityFHEPS voucher. An additional 2,400 households used a CityFHEPS voucher to remain in their homes without entering shelter, meaning over 13,500 households were able to obtain or retain safe, stable, affordable housing thanks to the CityFHEPS program; this represents a 17 percent increase over FY 2024.

New Metrics, Greater Depth

Beyond HPD’s affordable housing production, the agency also assists with the creation of market rate housing through tax incentive programs, zoning rules, and certain HPD-funded projects.  Combining these units with HPD’s affordable new construction production, the Adams administration helped create nearly 27,000 new units in FY 2025. HPD provided additional assistance to 8,600 existing homes outside of its traditional preservation work. Similarly, at NYCHA, 3,696 homes are undergoing Comprehensive Modernization with city capital investments.

How the Adams Administration Got it Done

The housing numbers unveiled today are a direct result of smart, focused strategies pursued by the Adams administration to boost housing production. The administration has committed $24.7 billion towards affordable housing through the city’s 10-Year Capital Plan. Additionally, the Adams administration rolled out major updates to the way HPD markets and leases-up affordable housing in New York City — cutting down on paperwork, streamlining eligibility, and connecting more New Yorkers to homes and homeownership opportunities faster.

The Most Pro-Housing Administration in City History

The Adams administration is using every tool available to produce the homes New Yorkers need and make generational progress against the city’s housing crisis. Since the start of the Adams administration, the city has supported the creation of 95,100 homes, including nearly 46,000 affordable homes, 47,000 additional market-rate units in mixed-income developments, and 2,300 units of office-to-residential conversion or Green Fast Track housing. Moreover, the Adams administration supported the preservation or stabilization of 134,700 homes, which includes 41,000 affordable homes and the ongoing stabilization of nearly 16,100 additional homes through the NYCHA PACT program, and the NYCHA Comprehensive Modernization Program to rehabilitate NYCHA units

In addition to tens of thousands of homes already created or preserved by city agencies, the Adams administration has launched ambitious initiatives that are expected to create tens of thousands of new homes as well. These include the Adams administration’s landmark City of Yes for Housing Opportunity rezoning plan passed by the New York City Council last year to create over 80,000 new homes; the administration’s five neighborhood plans to create nearly 50,000 new homes in the Bronx-Metro North area of the Bronx, along Atlantic Avenue in Brooklyn, throughout Midtown South in Manhattan, and in both Jamaica and Long Island City in Queens; initiatives to build new homes on city-owned sites such as Mayor Adams’ Executive Order 43; private rezoning applications to build new homes supported by city agencies such as the New York City Department of City Planning; the Adams administration’s “Green Fast Track” initiative to streamline the environmental review of modest housing projects and build homes faster; the NYCHA PACT; the NYCHA Trust; and the Adams administration’s “Office Conversion Accelerator” to turn underutilized offices into much-needed housing. Altogether, the Adams administration has planned for the creation of another 197,800 new homes over the next 15 years through these initiatives.

Through its efforts to date, the Adams administration has supported the creation of 95,100 homes, supported the preservation or stabilization of 134,700 homes, and planned for another 197,000 homes. Altogether, these historic efforts have produced or will produce a total of approximately 426,800 homes for New Yorkers, including at least 250,000 affordable homes.  

Making New York City the Best Place to Raise a Family

In addition to producing and placing New Yorkers in housing, the Adams administration is focused on making New York City the best place to raise a family. Building on the success of his signature City of Yes for Housing Opportunity initiative, Mayor Adams launched “City of Yes for Families” earlier this year to create more family-friendly neighborhoods across the five boroughs. Under City of Yes for Families, the Adams administration is advancing ambitious initiatives to support homeownership by expanding the city’s downpayment assistance program and helping affordable housing tenants report their rental payments to credit bureaus and build up their credit scores. Through City of Yes for Families, the Adams administration is also creating more affordable homes for inter-generational families and building more housing alongside schools, playgrounds, grocery stores, accessible transit stations, and libraries.

In addition to building more family-friendly neighborhoods, the Adams administration is actively working to strengthen tenant and homeowner protections. The “Partners in Preservation” program was expanded citywide in 2024 through a $24 million multi-year investment in local organizations to support tenant organizing and combat harassment in rent-regulated housing while the Homeowner Help Desk, a trusted one-stop shop for low-income homeowners to receive financial and legal counseling from local organizations, was also expanded citywide in 2024 with a $13 million multi-year funding commitment.

“The continued investment in affordable and supportive housing across New York City is a significant win, particularly in Brooklyn. It is helping to address the housing crisis while uplifting our most vulnerable neighbors,” said New York State Senator Roxanne J. Persaud. “Housing security is one of our top priorities in the state legislature, and I applaud the mayor and his team for working to expand access to permanent, stable, and affordable housing and making meaningful progress toward a more equitable and livable city.”

“REBNY commends Mayor Adams and his administration, as well as the growing consensus of public officials, who recognize a more robust production pipeline is needed to slow rising housing costs and facilitate the city’s continued economic vibrancy,” said James Whalen, president, REBNY. “While there has been an increase in housing development recently, much more needs to be done to spur greater production. We look forward to working with stakeholders to put in place economically viable programs that will produce much more rental housing production.”

“Today’s announcement shows what happens when the city chooses to house people rather than warehouse them — when they choose action over excuses,” said Shams DaBaron aka Da Housing Hero; commissioner, New York City Charter Revision Commission. “Mayor Adams and the team keep saying yes when others say no, and that’s why we’re breaking records again and again. As someone who has lived that life — who slept in the shelters, slept on park benches, and in the streets — I know what it means when someone finally gives you a key, a home, and hope. This isn’t just about numbers. This is about real people getting their lives back. It shows you what’s possible when we stop managing homelessness and start ending it — with housing. Thank you, Mayor Adams, for answering the call for a safer and more affordable New York.”

“Every new unit we’re able to build is a meaningful step toward tackling New York’s housing crisis,” said David Schwartz, co-founder and principal, Slate Property Group. “Thanks to the Adams administration, New York City is making fast progress to build quality affordable housing, and I look forward to working with City Hall on more innovative projects that unlock New York’s housing potential.”

“Across our great city, working young adults, adults, and families are struggling to navigate a tight, expensive housing market — a challenge that is only magnified for youth with histories of homelessness,” said Jeremy Kohomban, CEO, The Children’s Village. “To produce high-quality, affordable homes for people already enduring housing instability, nonprofits, private developers, and city government must commit to a new paradigm, building homes that are beautiful, integrated, affordable, and situated in desirable locations. Let us leave behind the historical legacy of separation that has led to over 85 percent of affordable housing being built in our most burdened communities. We have been proud to engage in these kinds of partnerships with this administration and the Department of Housing Preservation and Development, including A Home for Harlem Dowling and The Eliza in Inwood, securing 175 new affordable homes.”

“We are grateful that this administration and the Department of Housing Preservation and Development have consistently prioritized the development of much needed affordable housing for older adults,” said Lisa Trub, executive director, Selfhelp Realty Group. “Housing instability among adults 60+ is unfortunately all too common. It is critical that city leaders, nonprofits, and developers collaborate to deliver more affordable homes, particularly those with onsite social services to help older adults maintain their independence. We have been proud to partner with HPD to advance multiple such projects, including The Perennial, formerly Parkway Hospital in Forest Hills, creating homes and intergenerational communities where older adults can age with dignity alongside their family and friends.”

“Breaking Ground applauds the dedicated teams at HPD and City Hall on another year of exceptional work to create and preserve affordable units and ease our housing crisis,” said Brenda Rosen, president and CEO, Breaking Ground. “We are especially encouraged that the administration's efforts to target financing of units affordable to extremely-low and very low-income households are bearing fruit, and that this year saw another near-record for supportive units produced. We look forward to continuing our work together to help people overcome and avoid homelessness through the creation of new supportive and affordable apartments.”

“Expanding housing is the only way we’ll be able to conquer the affordability crisis affecting New York City, and it’s even more critical during this period of economic uncertainty,” said Valerie White, senior executive director, Local Initiatives Support Corporation (LISC) NY. “At LISC NY, we’re proud to partner with projects across the city to deliver investment, including during the pre-development phase, and work with emerging developers to help them access capital as together we all strive to keep the city’s housing production goals on track.”

"The Delaine Companies is committed to working alongside HPD to scale up affordable housing production and create pathways to housing stability across New York City," said Jerrod Delanie, CEO, Delanie Companies. “This announcement highlights what’s possible when the public and private sectors work hand-in-hand to accelerate housing production and deliver results for New Yorkers.”

“We commend the New York City Department of Housing Preservation and Development and the Department of City Planning for their remarkable progress in advancing affordable housing production in 2025,” said Sabrina Lippman, CEO, Habitat for Humanity New York City and Westchester County. “We are proud to continue our partnership with the city to expand and preserve affordable homeownership opportunities for working-class families in every neighborhood.”

“Building and preserving affordable homes is a critical component of addressing our city’s affordable housing crisis and brings much-needed relief and stability to New Yorkers, including our most vulnerable populations,” said Rafael E. Cestero, CEO, Community Preservation Corporation. “We applaud the administration for delivering on its commitment to creating a ‘City of Yes for Housing Opportunity’ and look forward to continuing to work with all of our partners to help deliver the resources that help make our communities more affordable and livable.”

“We all know that New York City needs more housing, so it is wonderful to see things trending upwards,” said Kenny Burgos, CEO, New York Apartment Association. “The numbers reflect the great work of the administration to push through projects that increase the amount of affordable housing and supportive housing in the city. We especially thank them for stepping up their efforts to preserve rent-stabilized housing, much of which is in dire distress. Now, we must build on this success by unleashing private investment so we can finally have abundant housing in this great city.”

“The city is committed to tackling the housing crisis, and as the go-to agency for older adults in NYC, JASA is a proud partner of HPD in building affordable housing, improving tenants’ lives, and addressing homelessness with urgency,” said Gayle M. Horwitz, CEO, JASA. “Across our portfolio of services, impacting 40,000 seniors each year, JASA provides secure housing to 2,498 tenants, as well as property management and residential services at seven additional SARA sites. We recently partnered in the development of nearly 500 affordable apartments in the South Bronx and Bushwick. JASA will continue to work closely with HPD to meet the needs of our city’s seniors.”

“We know that safe and stable housing is the foundation upon which individuals impacted by the justice system can rebuild their lives, reconnect with family, and access the supports they need to succeed,” said Stanley Richards, president and CEO, The Fortune Society. “That is why we continue to grow our housing portfolio with projects like our soon-to-open permanent, supportive residences on West 97th Street and East 123rd Street — each designed to provide not only a roof over one’s head, but the services and community support that residents need to thrive. We are proud to work in partnership with HPD and the administration, whose leadership is helping to make this critical housing possible across the city.”

“We are encouraged to see HPD produce nearly 2,200 new affordable homeownership opportunities over the past year,” said Christie Peale, CEO and executive director, Center for NYC Neighborhoods. “At a time when New Yorkers are facing rising costs, federal funding cuts, and economic uncertainty, affordable homeownership is more important than ever. As the city advances the ‘City of Yes,’ we urge increased investments in affordable homeownership construction, down payment assistance, and first-time buyer education to ensure that the benefits of upzoning reach historically disenfranchised communities that need them most. Today’s announcement highlights the critical role of the public sector in making the dream of homeownership attainable for all New Yorkers.”

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