Vision 1 Goal
Since 2014, New York City has accelerated the construction and preservation of affordable housing to levels not seen in 30 years. The City has secured more affordable housing in the first four years of the Administration than in any comparable period since 1978. The City has tripled the share of affordable housing for households earning less than $25,000. Funding for housing construction and preservation has doubled, as have the number of homes in the City’s affordable housing lotteries each year. Hundreds of affordable units are being developed on once-vacant lots. Reforms to zoning and tax programs are not just incentivizing, but mandating affordable apartments—paid for by the private sector— in new development. With the release of Housing New York 2.0, the City continues taking decisive action to build a just, equitable, and prosperous New York for generations to come.
|Indicator||New construction starts (Finance the new construction of 120,000 affordable units by 2026)*||Preservation starts (Finance the preservation of 180,000 affordable housing units by 2026)*||Total new construction permits issued*|
|Previous Data||7,199 |
Financed over 87,500 affordable apartments and homes
In Fiscal 2017, the New York City Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC) financed 24,293 affordable apartments and homes, the highest overall production since 1989. HPD and HDC have financed over 87,500 new or preserved affordable units since 2014.
Created over 4,000 affordable units through a program that makes affordable housing mandatory
In March 2016, the City Council approved legislation enacting the Mandatory Inclusionary Housing (MIH) program, which makes affordable housing mandatory and permanent wherever new housing capacity is approved through land use actions. It is the strongest and most flexible policy in any major U.S. city. Since it came into effect, MIH has enabled the creation of over 4,000 new, permanently affordable housing units, in addition to those created through neighborhood rezonings.
In August 2017, HPD announced the first five faith-based nonprofits to participate in the New York Land Opportunity Program (NYLOP). NYLOP is an ambitious, first-of-its-kind program designed to help mission-driven organizations find partners to develop affordable or supportive housing on underutilized land. NYLOP will provide free assistance, including access to lawyers and architects, and help with issuing requests for proposals so that the five groups can identify and select experienced developers as joint venture partners.
Surpassed original affordable housing targets and released new expanded plan to create and preserve affordable housing
The City is exceeding targets set under Housing New York in the first three years, financing and preserving about 15,000 units above what had been projected. In October 2017, the City announced Housing New York 2.0, an expanded affordable housing plan that aims to create and preserve 300,000 affordable homes for New Yorkers by 2026, up from the previously announced goal of 200,000 homes by 2024. The City is also doubling its commitment to senior housing in Housing New York 2.0 to serve 30,000 senior households by 2026.
Released record number of RFPs for affordable housing development
Since 2017, the City, through HPD and the New York City Housing Authority (NYCHA), has released a record number of RFPs for development of high-quality, sustainable, and mixed-use affordable housing at sites throughout the city. This includes RFPs for 100 percent affordable housing with a Universal Pre-Kindergarten operated by DOE and public library operated by the New York Public Library in Inwood, as well as a plan to convert the historic Greenpoint Hospital to 300 to 600 new affordable apartments with community spaces.
Supported very low- and extremely low-income households through new subsidy programs
New programs overseen by HPD and HDC are doing more to serve very low-income and extremely-low income New Yorkers. Nearly half of affordable homes financed in 2017, or about 12,000 units, have been created or preserved for the lowest income households—New Yorkers making less than $33,400 for a single person or $42,950 for a family of three.
Committed additional $1.9 billion to house most vulnerable New Yorkers
In 2017, the City committed an additional $1.9 billion in City subsidy to ensure that 50,000 affordable homes will be reserved for the lowest-income New Yorkers, including seniors and veterans. The City also announced Seniors First, a slate of new affordable housing programs that will increase the amount of senior housing across the city. The City will invest $150 million to make more homes accessible to seniors and people with disabilities; build new 100 percent affordable developments on underused NYCHA, public, and private sites; and preserve aging senior housing built as part of U.S. Department of Housing and Urban Development’s (HUD) Section 202 program.
Enacted legislation to protect tenants from harassment
In November 2017, the City enacted new “Certification of No Harassment” legislation, requiring covered building owners to prove they have not engaged in tenant harassment prior to seeking approvals for demolition or significant building alterations. If a landlord is found to have harassed tenants, they will not be able to pull those permits for five years—unless they make a substantial portion of their building affordable to low-income families, with no public subsidy.
Created or preserved 7,285 apartments for homeless New Yorkers
The City has created or preserved 7,285 apartments for homeless New Yorkers, largely through homeless set-asides in the majority of HPD’s new affordable housing programs. HPD has also launched new initiatives such as Our Space, which provides additional capital subsidy to create a reserve to fund units affordable to homeless households without relying on rental assistance.
Dedicated nearly $59 million annually for homelessness prevention
Homebase has become a cornerstone of the City’s homelessness prevention strategy. Homebase programs craft individualized service plans with core services to assist individuals to remain in stable housing. Since 2014, the Homebase program has been expanded from 14 locations in 2014 to 26 locations. As of FY 2018, nearly $59 million annually is dedicated to an enhanced HomeBase program that provides coordinated preventive, aftercare, and community support services, including benefits advocacy, budgeting, employment, short-term financial assistance, and assistance with housing relocation. As a result of this increased investment, 27,607 households were reached in FY 2017, a 131 percent increase in households served compared to FY 2014.
Helped over 77,000 people exit or avoid entering shelter with rental assistance
Since 2014, the City launched three new rental assistance programs and reinstated rehousing programs. These include the Living in Communities (LINC), City Family Eviction Prevention Supplement/Family Exit Plan Supplement (CityFEPS), and the Special Exit and Prevention Supplement (SEPS) rental assistance programs, and the restoration of Section 8 and New York City Housing Authority priorities. From the summer of 2014 through 2017, these initiatives have helped more than 77,000 people exit shelter or avoid entering shelter. The City has grown emergency rental assistance from $121 million in FY 2014 to $210 million in FY 2017, serving over 55,500 households (an increase of 14,000 households served).
Increased funding for tenant legal assistance to $77 million in FY 2018—a 120 percent increase since FY 2013
Legal assistance for tenants facing eviction, harassment, and displacement is a powerful tool to protect tenants, maintain affordable housing, and combat income inequality. The City increased funding for legal assistance for tenants facing eviction and harassment from $6 million in FY 2013 to over $77 million in FY 2018. In 2017, the City also enacted legislation making New York the first and only city in the country to ensure that all tenants facing eviction in Housing Court or public housing termination hearings have access to free legal services. When fully implemented in 2022, this initiative is expected to provide legal assistance to 400,000 New Yorkers facing eviction and displacement each year. Since 2014, tenant legal assistance programs have helped over 180,000 New Yorkers.