Mayor De Blasio Announces 10-Year Affordable Housing Plan

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NEW YORK (CBSNewYork/AP) – Mayor Bill de Blasio plans to achieve an ambitious goal: building or preserving 200,000 affordable homes over the next 10 years.

De Blasio released the much-awaited plan during a press conference in Fort Greene, Brooklyn on Monday. He campaigned last year on helping middle-class and poor New Yorkers, and housing costs have crystallized the squeeze they face.

In a city where renters make up two-thirds of the roughly 3 million households, median rent rose 11 percent between 2005 and 2012 to $1,216 a month, while renters’ median household income rose only about 2 percent, to $41,000, according to research by New York University’s Furman Center for Real Estate and Urban Policy and Capital One Financial Corp.

http://newyork.cbslocal.com/2014/05/05/mayor-de-blasio-announces-10-year-affordable-housing-plan/

[hrmjustin]

1. Document Drop: Housing New York

http://www.nydailynews.com/blogs/dailypolitics/document-drop-housing-new-york-blog-entry-1.1779820

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2. What Does de Blasio’s Affordable Housing Policy Mean for the Homeless?

http://observer.com/2014/05/what-does-de-blasios-affordable-housing-policy-mean-for-the-homeless/