Nyc Just 15% Short of Affordable Housing Goal

Nyc Just 15% Short of Affordable Housing Goal

The Crain's New York Business (7/20) reports, "The city is roughly 25,000 units shy of meeting its ambitious goal of financing the creation or preservation of 165,000 affordable housing units by the end of the next fiscal year, June 30, 2014. The milestone for Mayor Michael Bloomberg's New Housing Marketplace Plan was announced Thursday morning as Mr. Bloomberg and other city officials broke ground for a 124-unit affordable housing development in the Sugar Hill section of west Harlem." Bloomberg said that the city was on track to meet its affordable housing goals.