Posted on March 9, 2016 by Emma Whitford in Gothamist Gothamist, By Emma Whitford To tackle the problem that worries New Yorkers most, Mayor de Blasio is implementing and aggressively promoting his $41 billion plan to build and preserve 200,000 affordable apartments over a span of ten years. Unfortunately, the majority of these apartments will be too expensive for many New Yorkers. A third of the city’s households have an annual income of less than $35,000, but only 16,000 apartments, or 8%, have been set aside for New Yorkers who earn $25,000 or less. Those figures include units that will be preserved, so new construction accounts for even fewer apartments that rent for under $1,000/month.
