New Yorkers can be better served by adapting the city’s apartment models to allow more efficient and sustainable homes. Today’s announcement is fulfillment of the pledge in PlaNYC, the Mayor’s long-term sustainability strategy, to update the City’s regulations to better accommodate the population and demographics of the future.
Under Mayor Bloomberg’s leadership, New York City continues to be a magnet for talent from around the world and around the five boroughs, and with this new model for development of affordable housing, we will help ensure that New Yorkers have more options that meet their housing needs. This innovative public-private partnership will build on the Bloomberg Administration’s track record of leveraging private-sector expertise and resources to develop quality affordable housing.