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Adams Administration Celebrates Achievement of ’24 in 24′ Affordable Housing Initiative

Photograph of Mayor Eric Adams, via nyc.govPhotograph of Mayor Eric Adams, via nyc.gov

Mayor Eric Adams recently announced the achievement of his office’s “24 in 24” plan, a commitment to advance 24 affordable housing projects on public sites within 2024. In total, the city advanced 26 projects across all five boroughs, creating, or preserving over 13,000 affordable housing units. The initiative was created to address New York’s ongoing housing crisis, marked by a 1.4 percent rental vacancy rate.

In The Bronx, sites such as 351 Powers Avenue and Boston Secor were activated to create or preserve hundreds of units. Brooklyn saw projects including Bay View Houses and Gowanus Houses move forward, preserving thousands of units through the Permanent Affordability Commitment Together (PACT) program. In Manhattan, the administration supported developments like 2460-2478 Second Avenue, adding nearly 730 units to Harlem’s affordable housing inventory. Queens and Staten Island also benefited, with Hunters Point South delivering up to 900 units and Staten Island’s Jersey Street project providing 233 homes.

In total, the Adams administration has committed $26 billion in capital funds toward affordable housing under a ten-year plan. Alongside new projects, the city launched initiatives to cut red tape and streamline processes, such as the “Green Fast Track for Housing” and an Office Conversion Accelerator. The city also reopened the Section 8 Housing Choice Voucher program after 15 years. These initiatives, combined with state-level incentives like tax breaks for office-to-residential conversions, seek to work together to combat the housing shortage.

“Mayor Adams empowered us to use every tool in our toolbox to build housing everywhere, and a major piece of this strategy, now fulfilled and surpassed, was ’24 in 24′,” said first deputy mayor Maria Torres-Springer. “Less than a year after the mayor announced the project in his State of the City, we have exceeded our promise to advance 24 projects on public land and surpassed our goal for housing units created or preserved. As we look to the 2025 State of the City, the mayor will show that our momentum on housing will only continue.”

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7 Comments on "Adams Administration Celebrates Achievement of ’24 in 24′ Affordable Housing Initiative"

  1. That was Bloombergs initiative

  2. Eric “The Ultimate Goofball” Adams

  3. David in Bushwick | January 10, 2025 at 11:38 am | Reply

    We need to stop electing “former” republicans. But voters need to show up for primaries so that our choices aren’t between terrible or the worst.

  4. how about also pushing to this time around building truly affordable housing units at the ATLANTICYARDS/PACIFIC PARK development, which is way behind schedule and the majority of those towers are market rate and so called affordable which is high middle income, the year is now 2025, lets see how many more years its going to take to bring truly affordable housing in NYC

  5. Not sure how “24 in 24” has anything to do with Bloomberg from 11 years ago, but ok…

  6. David : Sent From Heaven. | January 12, 2025 at 1:52 am | Reply

    I am not very interested in politics, who is elected to run the administration? Building roofs are much more exciting: Thanks.

  7. Yes,We Adore You Mayor Adam’s ❤️.

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