Letter from the Mayor

Table of Contents

Executive Summary 5

Introduction 14

Chapter 1: Fostering Diverse, Livable Neighborhoods

30 Pursue Affordable Housing and Community Development Opportunities in All Five Boroughs

34 Make Strategic Investments to Support New Housing and Neighborhood Revitalization

36 Promote Mixed-Used, Mixed-Income, Communities Anchored by Affordable Housing

40 Create Quality Jobs and Workforce Development Opportunities for New Yorkers

Chapter 2: Preserving the Affordability and Quality of the Existing Housing Stock

46 Ensure the Safety and Habitability of the Housing Stock

49 Adopt a More Strategic Approach to Preservation

50 Preserve Government-Assisted Affordable Housing

52 Preserve Rent-Regulated and Unregulated Affordable Housing

53 Create New and Improved Preservation Tools

55 Promote Sustainability, Resiliency, and Long Term Affordability While Helping Building Owners Reduce Operating Costs

Chapter 3: Building New Affordable Housing for All New Yorkers

62 Enable a Wider Range of New Yorkers to Benefit from the City's Affordable Housing Efforts

64 Capitalize on Public Assets and Partnerships to Maximize Affordable Housing Opportunities

69 Change Zoning and Land Use Regulations to Promote Housing Creation

72 Remove Unnecessary Barriers and Delays to Developing Housing

74 Ensure That Housing Production Is Sustainable and Aligned with the City's Changing Demographics

Chapter 4: Promoting Homeless, Senior, Supportive and Accessible Housing

78 Assist Homeless Individuals and Families

80 Expand Supportive Housing

82 Improve Housing Options for Seniors

84 Ensure Accessible Housing for Individuals with Disabilities

Chapter 5: Refining City Financing Tools and Expanding Funding Sources for Affordable Housing

88 Target and Strengthen City Tax Incentives

92 Identify New Funding Streams to Fund Affordable Housing

92 Increase Private Leverage and Expand Existing Financing Tools

94 Strengthen Public/Private and Philanthropic Partnerships

96 Re-Evaluate HPD and HDC Programs to Stretch City Housing Subsidy Dollars Further

Chapter 6: Implementing the Plan

104 Notes

106 Glossary

116 Acknowledgements

Letter from the Mayor

housing

Housing New York: A Five-Borough, Ten-Year Plan

2

To My Fellow New Yorkers:

We have a crisis of affordability on our hands.

It's a crisis in many ways built on New York City's success. We are a safer, more welcoming city than we were decades ago. People from all over the world come to study, to work or to start a business here. And that success story has put pressure on our housing stock. Coupled with ever-rising economic inequality, it has created a painful reality where more and more New Yorkers are spending more and more to cover their housing costs, and entire neighborhoods have lost their affordability.

Affordable housing is part of the bedrock of what makes New York City work. It's what underpins the economically diverse neighborhoods New Yorkers want to live in. It's critical to providing financial stability for working families, helping them get ahead and build a better life.

And that is why today, we are laying out a comprehensive plan to build and preserve 200,000 affordable units over the coming decade, to support New Yorkers with a range of incomes, from the very lowest to those in the middle class. This is a plan to get ahead of the curve, to protect neighborhoods, and build our city's next generation of affordable housing. It's about knitting communities together.

Our affordable housing policies must reach every New Yorker in need, which is why this plan thinks big about the changes we need to make--in government and in the private sector--to make this a city where everyone rises together, and everyone has a safe and decent home.

If you're in a community where affordability is disappearing, we want to protect it.

If your family lives in a rent-regulated apartment, this plan is focused on helping you keep it.

If you're a senior trying to remain in the neighborhood you helped to build, we are fighting to help you stay.

If you are a building owner or developer intent on building or preserving affordable apartments, we will support you.

This is a five-borough, ten-year plan. It will marshal people and resources from every corner of this city behind a singular purpose: to make this city again a place where our most vulnerable, our working people, and our middle class can all thrive. Together, let's make that vision a reality.

Mayor Bill de Blasio

Executive Summary

housing

Housing New York: A Five-Borough, Ten-Year Plan

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