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NYC Hit Record for Subsidizing Affordable Housing in 2023

New York City developers broke ground on a record number of subsidized affordable homes in 2023.

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Affordable Landlords Due $130M in Unpaid Back Rent – Commercial Observer

More than 18,000 tenants in affordable buildings across NYC owe $130 million in unpaid back rent, according to a housing group's analysis.

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Marmarato Unseats Velázquez in Bronx Council District Upset

Deep divides over affordable housing, upzoning and new development played a role in unseating incumbent Marjorie Velázquez.

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City's Affordable Housing Production Saw a Boost Last Year After Prior Plunge

After dropping the year before, affordable housing production was up again during the 12-month span that ended June 30.

New-york , United-states , Pascale-leone , Craig-hughes , Eric-adams , Howard-slatkin , Brendan-cheney , York-city-department-of-planning , Department-of-social-services , Supportive-housing-network , Ed-reed-mayoral-photography-office-administration , Citizens-housing-planning-council

How Could NYC's New Budget Impact the Fight Against Homelessness?

The new budget includes $4 billion in capital funding to construct affordable housing. Yet staffing cuts and shortages still plague the city agencies tasked with assisting homeless New Yorkers.

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NYC's Department of Buildings Struggles With Budget Cuts, Staff Vacancy – Commercial Observer

As deaths on construction sites reach their highest level in four years, the NYC Department of Buildings remains understaffed and will have to trim 4 percent of its budget.

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NYC Council proposes housing construction targets across city

The plan is the Council’s response to the city’s deepening housing crisis, and aims to boost affordability by drastically increasing housing supply in every corner of the five boroughs — even in areas where, historically, the city has been met with resistance from residents.

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Dozens flood NY City Hall over contentious Innovation QNS proposal

If approved by the City Council next month, the $2 billion rezoning would make way for a dozen new residential and commercial towers in Astoria, with nearly 3,000 apartments, two acres of green space, restaurants, stores and a movie theater.

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Development metrics in Mayor Adams' NYC housing plan? Depends on who you ask in his administration

Speaking to reporters in the Bronx on Wednesday, Adams said that instead of development yardsticks, the city should focus on how many people are being placed in affordable housing every year — and suggested he came to that conclusion after analyzing media coverage of his predecessor.

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Adams' $22B affordable housing plan in next decade is insufficient, advocates say

Housing advocates argue that Mayor Eric Adams plans to spend $22 billion over the next decade to preserve and build affordable housing in New York City falls far short of what he promised last year during his mayoral campaign.

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