Affordable housing production to double under new city plan

Mayor Eric Adams’ new $5 billion commitment will nearly double production of affordable housing in the next several years, according to Adolfo Carrión Jr., commissioner of the ​​city Department of Housing Preservation and Development.

HPD will add more than 20,000 units per year, Carrión said, and perhaps close to 30,000.

He said HPD defines housing production as both new construction and preserving existing units.

Despite Carrión’s optimistic projection at a City Council hearing Monday, many housing experts have said the mayor’s affordable housing strategy falls short. Adams pledged late last month to spend $5 billion to build or maintain affordable housing in the next 10 years.


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