Mayor Bill de Blasio. Image credit: CityLand

The Mayor’s Administration moves to deepen affordability of housing for lowest-income families and to aid more senior citizens. On February 10, 2017, Mayor Bill de Blasio announced two new housing initiatives to help seniors, veterans and families who are suffering the most from the housing crisis. The Mayor intends to increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000 a year. Of those additional 10,000, the Mayor will dedicate 5,000 to senior citizens and 500 to veterans. The Mayor will dedicate $1.9 billion to the expansion of this housing. The second initiative is an Elder Rent Assistance program to serve more than 25,000 seniors with monthly rental assistance up to $1,300. The new program is expected to be funded by the Mayor’s proposed ‘Mansion Tax.’ (more…)