How will 200,000 units of affordable housing be financed?
On May 29, New York City Mayor Zohran Mamdani and Deputy Mayor for Housing and Planning Leila Bozorg released a 99-page housing plan, “Block by Block.” The plan offers a wide-ranging strategy for housing policy, including zoning and administrative changes to expand the number of potential sites available for affordable housing, tenant protections, preservation of affordable housing, major renovation projects at the New York City Housing Authority (NYCHA) and homelessness reduction efforts. The core of the plan calls for the construction of 200,000 new units of affordable housing.
