New York City Achieves Back-To-Back Record-Setting Years For Affordable Housing Creation
New York City has set a new record for affordable housing creation for the second consecutive year. Mayor Eric Adams announced that in 2024, the city built the highest number of units for formerly homeless individuals (4,623), supportive housing (2,761), and senior housing (2,966) in its history. The city also closed financing for 27,620 affordable homes and facilitated nearly 14,654 households moving into affordable units.