Mayor Eric Adams and his administration reported a record level of affordable housing production in Fiscal Year 2025. According to the Mayor's office, 33,715 homes were delivered through various initiatives, surpassing the previous record.
Statistics show an increase in housing activity, with the Adams administration creating, preserving, or planning approximately 426,800 homes, including 250,000 affordable units. The administration reported delivering the highest number of affordable rental units, expanding housing for formerly homeless households, and placing record numbers of homeless New Yorkers into permanent homes for three consecutive years.
The numbers include 28,281 affordable homes developed through the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC). In addition, 5,434 apartments are scheduled for renovation under NYCHA's Permanent Affordability Commitment Together (PACT) program.
Supporting vulnerable New Yorkers remains a priority, with 4,178 homeless units created in FY 2025 alone. These efforts aim not only to provide housing but also to build a foundation for stability and success for those most in need. Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrion, Jr. stated to the Mayor's office, "Every one of these numbers represents a person, a family, and a New Yorker that will be put on the path to stability and success."
Mayor Adams' housing strategy includes constructing new buildings, renovating existing structures, providing subsidies, and implementing rezoning plans that could lead to the development of over 80,000 new homes. These initiatives include a significant focus on affordable housing and are projected to exceed previous production records while increasing housing availability for working-class families in New York.
