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Housing & Homelessness

Housing crisis: Mayor Adams pitches plan to build more mixed-income homes in wealthier NYC neighborhoods

By Ben Brachfeld Posted on December 26, 2023

Mayor Eric Adams is pitching a new plan to address New York City’s dire housing crisis — aiming to invest in new mixed-income development in wealthier neighborhoods where affordable housing is particularly scarce.

The Department of Housing Preservation and Development’s (HPD) new “Mixed-Income Market Initiative” (MIMI) plan would leverage public dollars for the development of housing that mixes both market-rate and affordable units, a departure from HPD’s typical milieu of creating purely affordable housing.

See the full article at amNY

Housing crisis: Mayor Adams pitches plan to build more mixed-income homes in wealthier NYC neighborhoods

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