In his Fiscal Year 2026 Executive Budget, Mayor Eric Adams announced a significant investment of $24.7 billion in various housing initiatives aimed at increasing affordable housing, providing supportive services, and protecting tenants. This includes $1 billion for the 'City of Yes' initiative, $350 million for preserving public housing, and $46 million for supportive housing. The initiatives address the needs of vulnerable populations and aim to create a safer, more affordable city over the coming decades, showcasing a commitment to long-term housing solutions.
"The sweeping investments we are announcing today as part of the 'Best Budget Ever' will help so many New Yorkers, from vulnerable people living on our subways to families searching for their first home, and create a safer, more affordable city for the decades to come."
"This funding will support the New York City Department of Housing Preservation and Development's (HPD) and New York City Housing Authority's core capital programs that build new homes, preserve existing homes, deliver capital repairs and more."
Collection
[
|
...
]