Affordable Housing Plan Moving Forward in New York

New York Mayor Michael Bloomberg's plan to build or preserve 165,000 units of affordable housing by 2013 is moving forward, but some have concerns about how the plan will be affected by a diving housing market.

1 minute read

February 14, 2008, 11:00 AM PST

By Nate Berg

"Mayor Michael R. Bloomberg has proposed a 10-year, $7.5 billion New Housing Marketplace plan to create or preserve 165,000 units of affordable housing. So, is the plan on track to be completed by 2013? A panel of experts, including the city's commissioner of housing preservation and development, tackled that question this afternoon in a panel discussion at the Fashion Institute of Technology."

"The mayor's plan called for nearly 92,000 units (55 percent of the total) to be built and for another 73,000 units (45 percent) to be 'preserved,' either by extending existing government-assisted housing programs like Section 8 or Mitchell-Lama or by providing low-interest or forgivable loans to rehabilitate housing for people with a range of incomes."

"At the panel discussion, Preston Niblack, deputy director of the Independent Budget Office, affirmed the central finding of the November report: that the city has made more progress at housing preservation than creation."

Thanks to Curbed

FULL STORY: Is the Mayor’s Housing Plan on Track?

Wednesday, February 13, 2008 in The New York Times

Housing New York

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.