Mayor Michael Bloomberg announced a significant residential milestone Monday—the preservation and construction of a total of 100,000 affordable housing units. The announcement was made during an official celebration of “affordable housing day.”
The news means the city is on track to meet the goals set forth in its ambitious New Housing Marketplace Plan, which aims to create or preserve 165,000 affordable housing units by 2014. The plan was created in 2003 and expanded four years ago. Despite the recession, the city's Department of Housing Preservation and Development and the federal Department of Housing and Urban Development have been able to tap public and private funding to help the city reach its goals.
Although the 100,000th unit was competed at a new, 50-apartment rental development at 761 E. 214th St. in the Bronx, the mayor made the formal announcement Monday morning at the groundbreaking event for Via Verde/The Green Way, a mixed-income 221-unit rental and co-op building in the South Bronx. Mr. Bloomberg was joined by HUD Secretary Shaun Donovan, HPD Commissioner Rafael Cestero and New York City Housing Development Corp. President Mark Jahr, as well as other public and affordable housing officials.
“Marking the completion of the 100,000th unit underscores the city's relentless commitment to building affordable housing,” said Abby Jo Sigal, vice president and New York director at Enterprise Community Partners, an affordable housing nonprofit, which provided $50,000 in grants to support the green development of Via Verde and the design competition that was held for the project. “As a New Yorker, I am proud of the New Housing Marketplace Plan. It is the most ambitious and aggressive housing plan in the nation.”
See, if you don't preserve the existing affordable housing stock, then building new ones doesn't really help much. So the "100,000th" unit is really just....