NY Dirt: City’s lofty 700k housing push eyes low growth areas

The city has set new ambitious housing goal for the coming decade, but balancing the distribution of new units may pose hurdles to hitting fair growth targets. Mayor Zohran Mamdani is eyeing even more ambitious targets on top of the figures laid out in his administration’s housing plan, a draft of the city’s first-ever fair housing growth strategy report shows. Some 700,000 new homes will need to be built over the next decade to address the city’s housing shortage, the draft report states. That figure more than triples the affordable housing production targets for that same timeframe, set at 200,000 […]

This article originally appeared on The Real Deal. Click here to read the full story.