Mayor Zohran Kwame Mamdani on Tuesday released Block by Block: The Housing Plan for a New Era, a blueprint to tackle New York City’s housing crisis. The plan details how the city will build 200,000 new affordable homes and preserve another 200,000 affordable units over the next decade, backed by a $22-billion capital investment in housing over the next five years.
“At a moment when working people are being pushed out of the city they built, New York cannot afford half-measures or delays,” said Mamdani. “This plan meets the housing crisis with the urgency it demands.”
The capital investment is paired with a land use agenda to boost housing production across the five boroughs and new financing tools intended to build and preserve affordable housing more quickly and efficiently. It also lays out the administration’s vision for the New York City Housing Authority, including the largest city capital investment in NYCHA in recent history.
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