de Blasio unveils Housing New York: A Five-Borough, Ten-Year Plan

Mayor Bill de Blasio unveiled Housing New York: A Five-Borough, Ten-Year Plan, a $41 billion plan to build or preserve 200,000 affordable units. Elected officials, housing providers, advocates, developers, and labor across the city lauded the plan, which will double HPD's capital budget, target vacant and underused land, protect tenants in rent-regulated apartments, streamline rules and processes to unlock new development opportunities, contain costs, and accelerate affordable construction. "I applaud the mayor for his ambitious housing plan to serve low and middle income families with affordable housing options and I look forward to working with the city on its implementation," said secretary Shaun Donovan, U.S. Department of Housing and Urban Development. "N.Y.C.'s current crisis of housing affordability threatens the basic human right to decent housing. Since the 1960s, the Catholic Church in all boroughs of N.Y.C., through parishes, religious communities, community-based organizations and Catholic Charities, has been at the heart of the development and preservation of affordable housing. I applaud the mayor's far-reaching 10-year plan to build and preserve 200,000 affordable housing units throughout our city, and the Church in all boroughs of N.Y.C. looks forward to continuing to work with N.Y.C. and mayor de Blasio to help achieve this important affordable housing goal," said his eminence Timothy Cardinal Dolan, archbishop of New York. "I commend de Blasio for putting forth a comprehensive plan to create more affordable housing at a time when so many N.Y. families still struggle to make ends meet and afford to stay here. I look forward to working with the mayor to help him achieve this critical goal," said New York State attorney general Eric Schneiderman. Read the full plan at nyc.gov/housing.