NEW YORK CITY-The New Housing Marketplace Plan to create affordable housing citywide reached a milestone on Monday as the program passed the 100,000-unit mark. Mayor Michael Bloomberg and other officials announced the milestone at a groundbreaking for a project in the South Bronx, one of five such ceremonies held throughout the city yesterday.

Since the start of the national recession in 2008, “we have financed more affordable units—nearly 17,000—than any other US city or state,” Bloomberg says in a statement. “Our administration is on track to build and preserve affordable housing for half a million New Yorkers by 2014, and we are as committed as ever to getting it done.”

Launched in 2003, the NHMP was first envisioned as a five-year program to finance the construction or preservation of 65,000 affordable housing units. The plan was expanded four years ago to set the goal at 165,000 affordable units, each accommodating an average of three occupants. To date, the city has invested $4.5 billion in the program, and the New York City Housing Development Corp. has issued $5 billion in bonds.

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