Curbed New York: New York City’s Mayor Makes Affordable Housing a Top Priority for 2017

Mayor Bill de Blasio plans to add 10,000 apartments to the city for New Yorkers making $40,000 per year or less.

At 7 p.m. eastern on Monday, February 13, New York City Mayor Bill de Blasio is scheduled to deliver his annual “State of the City” speech. And this year’s address is expected to focus heavily on affordable housing.

De Blasio is allocating $1.9 billion to create 10,000 additional units of affordable housing over the next few years. Half of those units will be set aside for seniors, and another 500 will be reserved for veterans. The apartments are designed to serve as housing options for New Yorkers earning less than $40,000 per year.

In a statement released last week, De Blasio said, “We are taking our record progress on affordable housing and driving it even deeper. This crisis is hitting seniors on fixed incomes, veterans and struggling families especially hard. We’re fighting for their right to live in this city.”

The 10,000 additional homes being added to New York City are a part of De Blasio’s Housing New York Plan, which aims to build and preserve 200,000 units of affordable housing over the next decade. In the three years that De Blasio has been in office, his administration has created 62,500 affordable apartments.

To read the original article and learn more about Monday night's state of the city speech, click here.