The mayor announced the creation, preservation, and planning of 426,800 homes since taking office. This includes 95,100 units created, 134,700 preserved, and 197,000 planned since 2022. The created units contain 45,900 apartments financed by the Department of Housing Preservation and Development and 46,900 market rate units with HPD assistance. Preservation includes 40,100 units under HPD financing agreements. The planning phase involves projected construction of 82,000 units from zoning changes and five neighborhood rezonings, plus additional developments at the former Flushing Airport site.
Since entering office, 426,800 homes have been created, preserved, or planned, including 95,100 units created, 134,700 preserved, and 197,000 planned since 2022.
The created figure includes 45,900 apartments financed by the Department of Housing Preservation and Development, along with 46,900 market rate units receiving some HPD assistance.
Preserved homes comprise 40,100 apartments through HPD financing with regulatory agreements, and 12,400 public housing units are converting to Section 8 housing under the PACT program.
Planned units include 82,000 projected over 15 years from zoning changes, 5 neighborhood rezonings, and additional units from the defunct Flushing Airport site.
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