De Blasio Administration Says It’s Ahead of Schedule on Affordable Housing

When Mayor Bill de Blasio took office in 2014, he made affordable housing the centerpiece of his administration, vowing to build or preserve 200,000 units over a decade in a city where the cost of shelter was rocketing past the grasp of many residents. Now, despite skepticism from many housing experts and a feud with the governor that has derailed one of the major programs used to subsidize development, the de Blasio administration announced on Monday that it was ahead of schedule in meeting its goals, having financed the creation or preservation of nearly 53,000 affordable apartments so far. Just in the fiscal year ending June 30, more affordable housing units — 23,284 — had been built or preserved than at any time since 1989. “This engine is in full gear, financing enough affordable homes for 130,000 people in just two and a half years,” Mr. de Blasio, a Democrat, said in a statement on Monday.


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