Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Housing Preservation and Development Commissioner Mathew M. Wambua and New York City Housing Development Corporation (HDC) President Marc Jahr announced today the City has reached a major milestone in its affordable housing plan, the New Housing Marketplace Plan. New York City is now three-quarters of the way towards completing Mayor Bloomberg’s goal of creating and preserving 165,000 units of affordable housing by the end of 2014. The City invested $1.3 billion and financed 15,827 units of affordable housing for middle-class and low-income New Yorkers in Fiscal Year 2011, which ended June 30th.
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