Nation's largest affordable housing creates NYC homes

Mayor Michael Bloomberg hailed the city?s New Housing Marketplace Plan Tuesday as the affordable housing project hit its midway point.

The city has funded 82,000 apartments through what is the nation?s largest affordable housing plan. Upon completion, the city is projected to build 165,000 affordable units through the New Housing Marketplace Plan.

Mayor Bloomberg estimates those units will house more than half a million New Yorkers.

?One of the great challenges we face is there?s not enough housing ? we want to do everything we can to keep people from getting priced out of the market,? says the mayor.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."