Mayor de Blasio Boosts His Affordable Housing Goals

New York City Mayor Bill de Blasio made affordable housing a pillar of his first campaign and now, as he seeks reelection for his second term, he’s doubling down.

De Blasio on Tuesday vowed 100,000 more below-market-rate apartments than initially promised at the start of his mayoralty, boosting the total number of units he plans to create to 300,000 from 200,000.

His self-imposed deadline for the 50 percent boost, announced inside a subsidized apartment building in Prospect-Lefferts Gardens that serves formerly homeless people and others who couldn’t otherwise afford market rent, is 2026.

The mayor previously promised to build or preserve 200,000 units by 2024, but said the city will meet that goal two years early.  He predicts about 25,000 units a year by 2021, a pace that he said would continue until 2026.

Decisions about who gets an apartment under the program will continue to be done by lottery, based on such characteristics as income, neighborhood residents and family size.

The 300,000 units are a mix of 60 percent preserved housing — apartments that would have otherwise left rent regulation — and 40 percent new ones.

The city also promised to spend about $750 million in tax dollars during the next four years toward the housing goal.

“We came in here with the clear decision to change the rules of the game,” to be less favorable to real estate developers, de Blasio said, according to AMNY.  “Our job is to step in and level the playing field to the maximum extent possible.”

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