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Affordable for Whom? Comparing Affordability levels of the Mayor’s housing New York plan with Neighborhood incomes.

February 15, 2019
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New York City Mayor Bill de Blasio’s housing plan

A new report examines whether New York City Mayor Bill de Blasio’s housing plan is doing more harm than good. The plan calls for 120,000 new affordable housing units and the preservation of 180,000 more over 12 years, but it might not be providing enough opportunities to low-income people, according to the city’s Independent Budget Office. An analysis of 78,000 housing units financed from January 2014 to June 2017 compared the average income of neighborhood residents with the income restrictions of the projects. Here are a few takeaways:

  • Most of these projects were in poor neighborhoods.
  • About half of the projects were in neighborhoods where the average residents makes too much to qualify for the affordable housing there, but poorer residents could qualify.
  • A quarter of the projects were in places where the average household made too little to qualify.
  • About a quarter of the units financed by the plan were in neighborhood where the average resident would meet the income eligibility requirements, but poorer residents would not.

Affordable for Whom? Comparing Affordability levels of the Mayor’s housing New York plan with Neighborhood incomes. February 2019

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