The Block by Block plan sets a decade-long goal to build 200,000 affordable housing units and preserve another 200,000. It pairs zoning reform and public financing with expanded intervention in troubled properties and a crackdown on negligent landlords. Private developers are positioned to benefit through billions in housing investment, streamlined land-use reviews, and financing mechanisms for projects that fail to pencil under current market conditions. A revolving loan fund is proposed for shovel-ready mixed-income developments, with Related Companies and Essence Development expected to receive financing for the Fulton and Elliott-Chelsea Houses redevelopment, replacing more than 2,000 NYCHA apartments. Nonprofits and tenant-aligned buyers gain leverage via COPA and the SAFER Homes Act, and Our Home provides $75 million in loans for renters to convert buildings into resident-controlled co-ops.
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