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De Blasio revamps housing plan with a ‘major reset’ of extra money, more units and new timeline

October 24, 2017
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The mayor announced Tuesday he will spend an extra $150 million per year to finance another 100,000 homes, bringing the goal to 300,000.

The mayor announced Tuesday he will spend an extra $150 million per year to finance another 100,000 homes, bringing the goal to 300,000.

Two weeks ahead of his reelection, New York City Mayor Bill de Blasio rolled out sweeping changes to one of his signature initiatives, a 41 billion dollar plan to finance 200,000 units of rent-regulated housing over 10 years, Politico New York writes.

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