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Affordable Housing Wire

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Experts say that Mayor de Blasio's goal to build (or preserve) 200,000 units of affordable housing over 10 years is "lofty." That ambitious figure exceeds the accomplishments of his predecessors like Ed Koch, responsible for 190,000 units over 13 years, and Mike Bloomberg, with 165,000 units to his name over a dozen years . It'll be a challenge, because deregulation of affordable apartments is occurring at a faster pace than new units can be built or re-regulated, and NYCHA can barely support 334 projects, let alone add more. But de Blasio said one way to achieve his goal will be to "require, not encourage" developers to set aside affordable units in new residential projects. [NYT; previously]