New York City Housing Plan Gets Additional $1 Billion Boost To Reach Goal in Four Years

摘要

New York City has revised its affordable housing plan to place a greater emphasis on preservation and refinancing troubled multifamily projects and has added $1 billion in financial resources for a total of $8.5 billion, so the plan can be completed in four years.rnThe city reported that 100,000 low- and moderate-in-rncome housing units have been built or preserved under the plan, which has a goal of 165,000 units. About 77 percent of this housing is affordable to low-income households.