NEW YORK CITY-The Bloomberg administration’s New Housing Marketplace Plan, which last month released data showing that 15,827 units of affordable housing had been preserved for the fiscal year ended June 30, has preserved an additional 258 for the next 35 years.
The apartments are located at 527 W. 47th St., 425 W. 48th St., 20 W. 102nd St. and 200 W. 111th St.--where the renovations were announced at a ribbon cutting ceremony Thursday.
Mayor Michael Bloomberg’s NHMP is an $8.5 billion initiative that aims to create 165,000 units of affordable housing by the end of the 2014 fiscal year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
