The Daily Dirt: Housing by the numbers
The Adams administration released a ton of housing production numbers today. Here’s what they mean. The mayor on Friday announced that since he entered office, the city has created, preserved or planned 426,800 homes. That number includes 95,100 units created, 134,700 preserved and 197,000 planned units since 2022. “Created” includes 45,900 apartments financed by the Department of Housing Preservation and Development. That means these are units where public financing has closed, not where construction has necessarily been completed yet. Another 46,900 market rate units — that involve some kind of HPD assistance — are included in the “created” figure, as are […]
This article originally appeared on The Real Deal. Click here to read the full story.
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