Mayor Bill de Blasio delivers the 2015 State of the City address at Baruch College. Image Demetrius Freeman/Mayoral Photography Office

Affordable housing issues, including rent-regulation, mandatory inclusionary zoning, and more were highlighted in the speech.  On February 3, 2015 Mayor Bill de Blasio delivered his second State Of The City address from Baruch College.  The Mayor spoke at length about the affordable housing crisis facing New York City and the programs his administration has begun or will propose to address the problem.

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Mayor Bill de Blasio announced the financing of 17,300 units of affordable housing. Image credit: Mayoral Photography Office

17,300 units of affordable housing were created or preserved in 2014.  On January 15, 2015, Mayor Bill de Blasio held a press conference to announce the financing of over 17,300 units of affordable housing during 2014.  These units, 11,185 preserved and 6,191 of new construction, were financed as a part of the Mayor’s Housing New York plan to preserve and build 200,000 units of affordable housing by the end of Fiscal Year 2024.  According to Mayor de Blasio, these units will be enough to provide housing for 42,000 New Yorkers.

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Council Member Brad Lander

The shortage of affordable housing is felt in every corner of our City. Reasonably priced options are elusive– jeopardizing many residents’ personal security and eradicating diversity from our communities. Our rapidly growing population of elderly New Yorkers is especially vulnerable; seniors face unique challenges at a time when stability is paramount. (read more…)