Sunday, February 17, 2008

Affordable housing declines

As the economic climate grows gloomier, the Bloomberg administration is predicting a drop in the amount of affordable housing to be produced in the coming years, according to figures in the latest Mayor’s Management Report, released yesterday. The lowered estimates, however, do not yet jeopardize the mayor’s ambitious plan to create 92,000 new affordable units by 2013, the city says.

Targets for Affordable Housing Drop, But City Says Its Plan Still On Track

Previously, the Department of Housing Preservation and Development dropped its target of new construction starts in the current fiscal year from 11,587 to 8,568. Now, yesterday’s MMR shows that HPD is expecting even fewer construction starts on new affordable units, with 7,947 predicted for the next fiscal year, which begins in July.


Anonymous said...

Why don't they cut taxes that sustain clubhouse tweeding programs?

A good chuck of the housing in the city would be come affordable overnight.

Anonymous said...

First it was the tooth fairy, then Santa Claus,
(yawn) world peace.....yadda, yadda, etc.
and now "AFFORDABLE HOUSING" joins the long list of illusions that have been foisted upon us all.

Do you really believe that in a venue
where a square foot of NYC real estate
is worth its weight in platinum
that all but a token amount of housing
for the lower classes would ever be built?

Heh, heh, heh.....
I understand that the Brooklyn Bridge
is still for sale.

Any takers?

verdi said...

Tsk, tsk, tsk,
nonsense old boy.

What would we ever do without our "clubhouse"?

It's the very snake oil that lubricates the wheels
of corruption in our great metropolis!

Remember Bloomberg just said
that cutting taxes is like passing the bottle to a drunk!

Maybe he's right.
What would we do with all that extra money
lose our tweeded status?