(Read more on the multifamily market.)
NEW YORK CITY-New York City has surpassed its annual target foraffordable housing, financing 18,472 units of affordable housing inthe 2007 fiscal that ended June 30th according to Mayor Bloomberg,Department Preservation and Development Commissioner Shaun Donovanand Housing Development Corp. President Emily Youssouf.
This represents the highest production number of any year underthe Mayor's New Housing Marketplace Plan and is the greatest numberof affordable units financed by the City since Mayor Koch's housingplan, according to a government release. New York City has fundednearly 83,000 affordable homes since Mayor Bloomberg took office in2002, including 64,408 units funded under the New Housing MarketingPlan.
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