NEW YORK CITY—Mayor Bill de Blasio Monday laid out a 10-year plan to build or preserve 200,000 affordable apartments across all five boroughs. The $41 billion Housing New York: A Five-Borough, Ten-Year Plan is expected to reach New York’s middle class as well as those with very low incomes.

Housing New York outlines the broad principles and the specific policies city agencies will implement to reach Mayor de Blasio’s goal. The plan calls for: 120,000 affordable housing units to be preserved and 80,000 to be newly built; affordability programs to serve households ranging from middle- to extremely low-income (under $25,150 for a family of four); agencies to use every tool at their disposal to protect tenants in both subsidized affordable housing and rent-regulated housing from the tide of deregulation, and to combat neglect and disrepair that threatens many affordable buildings.

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