x

Politics

NYC Sets Affordable Homes Record: 24,500 Financed in 2017

January 16, 2018

NEW YORK (AP) — Officials say New York City created or preserved over 24,500 affordable homes last year, breaking a record for the nation’s biggest city.

Mayor Bill de Blasio (dih BLAH’-zee-oh) is announcing the statistic Tuesday. The previous record was just over 23,100, set in 1989.

De Blasio has made affordable housing a centerpiece of his two mayoral campaigns. The Democrat was re-elected last year.

The city invested over $1 billion in affordable apartments last year. The effort mostly preserved affordable homes — over 17,300 of them. Another 7,200 new ones were created.

Nearly half the homes financed rent at levels affordable to an individual making about $33,400 per year, or $43,000 for a family of three.

The city has preserved or created over 87,500 affordable homes in the last four years.

RELATED

ATHENS - A regulation in an omnibus bill will allow repatriated Greeks from Albania and the former Soviet Union to receive full national pensions, Labor and Social Protection Minister Kostis Hatzidakis said during a discussion in Greek Parliament on Tuesday.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission…to Amyntaio, a TNH Documentary by Clelia Charissis

Dear readers, let me briefly introduce myself, while wishing you "a summer full of positive energy and good health.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.