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July 6, 2007
City Creates More Than 18,000 Affordable Housing Units
NY1
Atlantic Yards gets a boost from a report touting Bloomberg's affordable housing initiative:
Mayor Michael Bloomberg's ten-year plan to boost affordable housing may be paying off.
According to this year's figures, the city has constructed or preserved 18,472 units throughout the five boroughs.
...
Officials hope the numbers will continue to increase with the help of developments, like the Atlantic Yards project.
article/video (dialup/broadband)
NoLandGrab: With the exodus of units leaving NYC affordable-housing programs, there's no word in the article about the NET effect of the mayor's plan, nor a breakdown of how many units have been created versus those retained.
Also, to understand the effectiveness of the Mayor's program, it would help to know how many of these units target low-income households.
Posted by lumi at July 6, 2007 8:18 AM