Increasing affordable housing in NYC

New York City, because Mayor Bill de Blasio has announced that his administration secured 24,293 affordable apartments and homes in Fiscal Year 2017, the highest overall production since 1989, according to the New York City website. The website stated that the 24,293 homes financed this past Fiscal Year, which ended June 30, more than 40 percent are for families earning less than $43,000 a year, including more than 4,014 homes for families of three earning less than $26,000 a year.

Source: New York Amsterdam News

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