NEWYORK: New York City Mayor Eric Adams announced that the city broke multiple records for producing and connecting New Yorkers to affordable homes in Fiscal Year (FY) 2025, delivering the affordable housing that New Yorkers need and reinforcing the Adams administration’s position as the most pro-housing administration in city history.
Additionally, Mayor Adams announced that his administration has created, preserved, or planned approximately 426,800 homes through its efforts to date.
In FY 2025 specifically, through new construction and preservation programs, the Adams administration produced a total of 33,715 affordable homes — including 28,281 affordable homes through the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC), as well as 5,434 apartments that will be renovated through the New York City Housing Authority’s (NYCHA) Permanent Affordability Commitment Together (PACT) program.
For the first time, Mayor Adams also announced the total number of affordable and market-rate homes created, preserved, or planned through the Adams administration’s housing initiatives to date.
“Others may have talked about affordable housing, but we actually built it. Others may have talked about citywide rezoning, but we actually passed it. Others may have talked about taking on our city’s housing crisis, but we actually did it, and we’re continuing to do it every single day,” said Mayor Adams.
“The numbers don’t lie: We have already laid the groundwork for over 426,000 homes across the five boroughs in the coming years, connecting over 31,000 New Yorkers to affordable homes. There’s no denying, we are the most pro-housing administration in city history, and we are continuing that work every day as we make New York a more affordable city for working-class families.”
“The numbers speak for themselves,” said Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrion, Jr.
“This administration has proven that we are the most pro-housing administration in this city’s history. We have broken record after record in planning, preserving, and building over 426,000 units of housing. 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.”
“The continued investment in affordable and supportive housing across New York City is a significant win, particularly in Brooklyn. It is helping to address the housing crisis while uplifting our most vulnerable neighbors,” said New York State Senator Roxanne J. Persaud.
“Housing security is one of our top priorities in the state legislature, and I applaud the mayor and his team for working to expand access to permanent, stable, and affordable housing and making meaningful progress toward a more equitable and livable city.”
“REBNY commends Mayor Adams and his administration, as well as the growing consensus of public officials, who recognize a more robust production pipeline is needed to slow rising housing costs and facilitate the city’s continued economic vibrancy,” said James Whalen, president, REBNY.
“While there has been an increase in housing development recently, much more needs to be done to spur greater production. We look forward to working with stakeholders to put in place economically viable programs that will produce much more rental housing production.”
“Today’s announcement shows what happens when the city chooses to house people rather than warehouse them — when they choose action over excuses,” said Shams DaBaron aka Da Housing Hero; commissioner, New York City Charter Revision Commission.
“Mayor Adams and the team keep saying yes when others say no, and that’s why we’re breaking records again and again. As someone who has lived that life — who slept in the shelters, slept on park benches, and in the streets — I know what it means when someone finally gives you a key, a home, and hope. This isn’t just about numbers. This is about real people getting their lives back. It shows you what’s possible when we stop managing homelessness and start ending it — with housing. Thank you, Mayor Adams, for answering the call for a safer and more affordable New York.”
“Every new unit we’re able to build is a meaningful step toward tackling New York’s housing crisis,” said David Schwartz, co-founder and principal, Slate Property Group.
“Thanks to the Adams administration, New York City is making fast progress to build quality affordable housing, and I look forward to working with City Hall on more innovative projects that unlock New York’s housing potential.”
“Across our great city, working young adults, adults, and families are struggling to navigate a tight, expensive housing market — a challenge that is only magnified for youth with histories of homelessness,” said Jeremy Kohomban, CEO, The Children’s Village.
“To produce high-quality, affordable homes for people already enduring housing instability, nonprofits, private developers, and city government must commit to a new paradigm, building homes that are beautiful, integrated, affordable, and situated in desirable locations. Let us leave behind the historical legacy of separation that has led to over 85 percent of affordable housing being built in our most burdened communities. We have been proud to engage in these kinds of partnerships with this administration and the Department of Housing Preservation and Development, including A Home for Harlem Dowling and The Eliza in Inwood, securing 175 new affordable homes.”
“We are grateful that this administration and the Department of Housing Preservation and Development have consistently prioritized the development of much needed affordable housing for older adults,” said Lisa Trub, executive director, Selfhelp Realty Group.
“Housing instability among adults 60+ is unfortunately all too common. It is critical that city leaders, nonprofits, and developers collaborate to deliver more affordable homes, particularly those with onsite social services to help older adults maintain their independence. We have been proud to partner with HPD to advance multiple such projects, including The Perennial, formerly Parkway Hospital in Forest Hills, creating homes and intergenerational communities where older adults can age with dignity alongside their family and friends.”
“Breaking Ground applauds the dedicated teams at HPD and City Hall on another year of exceptional work to create and preserve affordable units and ease our housing crisis,” said Brenda Rosen, president and CEO, Breaking Ground.
“We are especially encouraged that the administration’s efforts to target financing of units affordable to extremely-low and very low-income households are bearing fruit, and that this year saw another near-record for supportive units produced. We look forward to continuing our work together to help people overcome and avoid homelessness through the creation of new supportive and affordable apartments.”
“Expanding housing is the only way we’ll be able to conquer the affordability crisis affecting New York City, and it’s even more critical during this period of economic uncertainty,” said Valerie White, senior executive director, Local Initiatives Support Corporation (LISC) NY.
“At LISC NY, we’re proud to partner with projects across the city to deliver investment, including during the pre-development phase, and work with emerging developers to help them access capital as together we all strive to keep the city’s housing production goals on track.”
“The Delaine Companies is committed to working alongside HPD to scale up affordable housing production and create pathways to housing stability across New York City,” said Jerrod Delanie, CEO, Delanie Companies.
“This announcement highlights what’s possible when the public and private sectors work hand-in-hand to accelerate housing production and deliver results for New Yorkers.”
“We commend the New York City Department of Housing Preservation and Development and the Department of City Planning for their remarkable progress in advancing affordable housing production in 2025,” said Sabrina Lippman, CEO, Habitat for Humanity New York City and Westchester County.
“We are proud to continue our partnership with the city to expand and preserve affordable homeownership opportunities for working-class families in every neighborhood.”
“Building and preserving affordable homes is a critical component of addressing our city’s affordable housing crisis and brings much-needed relief and stability to New Yorkers, including our most vulnerable populations,” said Rafael E. Cestero, CEO, Community Preservation Corporation.
“We applaud the administration for delivering on its commitment to creating a ‘City of Yes for Housing Opportunity’ and look forward to continuing to work with all of our partners to help deliver the resources that help make our communities more affordable and livable.”
“We all know that New York City needs more housing, so it is wonderful to see things trending upwards,” said Kenny Burgos, CEO, New York Apartment Association.
“The numbers reflect the great work of the administration to push through projects that increase the amount of affordable housing and supportive housing in the city. We especially thank them for stepping up their efforts to preserve rent-stabilized housing, much of which is in dire distress. Now, we must build on this success by unleashing private investment so we can finally have abundant housing in this great city.”
“The city is committed to tackling the housing crisis, and as the go-to agency for older adults in NYC, JASA is a proud partner of HPD in building affordable housing, improving tenants’ lives, and addressing homelessness with urgency,” said Gayle M. Horwitz, CEO, JASA.
“Across our portfolio of services, impacting 40,000 seniors each year, JASA provides secure housing to 2,498 tenants, as well as property management and residential services at seven additional SARA sites. We recently partnered in the development of nearly 500 affordable apartments in the South Bronx and Bushwick. JASA will continue to work closely with HPD to meet the needs of our city’s seniors.”
“We know that safe and stable housing is the foundation upon which individuals impacted by the justice system can rebuild their lives, reconnect with family, and access the supports they need to succeed,” said Stanley Richards, president and CEO, The Fortune Society.
“That is why we continue to grow our housing portfolio with projects like our soon-to-open permanent, supportive residences on West 97th Street and East 123rd Street — each designed to provide not only a roof over one’s head, but the services and community support that residents need to thrive. We are proud to work in partnership with HPD and the administration, whose leadership is helping to make this critical housing possible across the city.”
“We are encouraged to see HPD produce nearly 2,200 new affordable homeownership opportunities over the past year,” said Christie Peale, CEO and executive director, Center for NYC Neighborhoods.
“At a time when New Yorkers are facing rising costs, federal funding cuts, and economic uncertainty, affordable homeownership is more important than ever. As the city advances the ‘City of Yes,’ we urge increased investments in affordable homeownership construction, down payment assistance, and first-time buyer education to ensure that the benefits of upzoning reach historically disenfranchised communities that need them most. Today’s announcement highlights the critical role of the public sector in making the dream of homeownership attainable for all New Yorkers.”
