The city financed the construction and preservation of a record 32,116 affordable housing units last year, surpassing a previous record from nearly three decades ago. It was the second time the administration had announced the record, the first time being in January, when it cited a lower figure of 24,500 units. Of the updated number, more than two-thirds were preservation deals that renegotiated contracts with landlords to grant low-cost financing in exchange for rent caps, […]
source https://therealdeal.com/2018/07/20/de-blasio-administration-announces-affordable-housing-record-again/
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