New York City Mayor Bill de Blasio has announced a major expansion to the City’s affordable housing plan. The administration is on track to build and protect 200,000 affordable homes by 2022, two years ahead of schedule. With the addition of new tools, programs and funding, the City will ramp up to securing 25,000 affordable apartments annually by 2021 and beyond—a pace it has never before reached. With that machinery in place, the City is taking on a new goal: 300,000 such apartments by 2026. This includes a significant capital increase — $150 million more per year in capital will be allocated to extend through 2026. This will bring the City’s investment in achieving 100,000 more homes to about $1.3 billion per year over nine years. Click here to learn more.