MAYOR ADAMS CELEBRATES SURPASSING 2024 STATE OF THE CITY COMMITMENT TO ADVANCE 24 AFFORDABLE HOUSING PROJECTS ON 24 PUBLIC SITES IN 2024

 

Adams Administration Creates and Preserves Over 13,000 Units of Critically-Needed Affordable Housing by Fulfilling Pledge to Advance 24 Projects in 2024 

New York City Mayor Eric Adams today celebrated surpassing the city’s ambitious “24 in 24” plan to advance 24 affordable housing projects on public sites in 2024, ultimately creating or preserving over 13,000 units of housing. Delivering on a key promise in Mayor Adams’ 2024 State of the City address, the city advanced 26 projects across all five boroughs in 2024 as the city continues to face a generational housing crisis and 1.4 percent rental vacancy rate. Today’s announcement comes after the passage of Mayor Adams’ “City of Yes for Housing Opportunity” plan, the most pro-housing zoning proposal in New York City history. The City of Yes proposal alone exceeds all the housing created from rezonings during any mayoral administration of the last 50 years, including all 12 years of the Bloomberg administration and all eight years of the de Blasio administration.   

  

“Last year in our State of the City, we made a pledge to New Yorkers to use every tool in our toolbox to build the affordable housing that our city deserves. Since then, we have passed the most pro-housing zoning proposal in city history, committed a record $26 billion in housing capital, broke records again in building and connecting New Yorkers to affordable housing, and, today, we fulfilled another pledge. We surpassed our ambitious ‘24 in 24’ plan, delivering 26 projects across all five boroughs to face this generational housing crisis head on,” said Mayor Adams. “While today we celebrate, tomorrow we continue the work. For this upcoming State of the City, we look forward to going even bigger and bolder to deliver the housing relief that New Yorkers need and deserve.”  

  

“Mayor Adams empowered us to use every tool in our toolbox to build housing everywhere, and a major piece of this strategy — now fulfilled and surpassed — was ‘24 in 24’,” said First Deputy Mayor Maria Torres-Springer. “Less than a year after the mayor announced the project in his State of the City, we have exceeded our promise to advance 24 projects on public land and surpassed our goal for housing units created or preserved. As we look to the 2025 State of the City, the mayor will show that our momentum on housing will only continue.” 

  

The Adams administration advanced housing on 26 other public sites over 2024. Below are the projects: 

  

Bronx: 

•   351 Powers Avenue: The New York City Department of Housing Preservation and Development (HPD) selected a development team to build approximately 90 units.  

•   1388-1400 Stebbins Avenue: HPD released a Request for Proposals (RFP) to build approximately 120 units.  

•   Boston Secor, Boston Road Plaza, and Middletown Plaza PACT: The New York City Housing Authority (NYCHA) closed on financing to preserve 951 units though the Permanent Affordability Commitment Together (PACT) program. 

•   Bronx River Addition: (NYCHA) completed resident voting on preserving 226 units. 

•   Grand Concourse New York Public Library: HPD started resident engagement on a development to build approximately 100 units. 

•   Murphy Private: NYCHA designated a PACT partner team to preserve 850 units. 

  

Brooklyn: 

•   516 Bergen Street: HPD selected a development team to build approximately 116 units.  

•   Bay View Houses: NYCHA designated a PACT partner team to preserve 1,610 units.  

•   Coney Island Houses: NYCHA completed resident voting on preserving 530 units. 

•   Gowanus Houses/Wyckoff Gardens: NYCHA designated a construction team to complete the comprehensive modernization of 1,668 units.  

•   Hylan Houses: NYCHA completed resident voting on preserving 209 units. 

•   Nevins and 3rd: HPD released an RFP to build approximately 125 units.  

•   Nostrand Houses Trust: NYCHA released an RFP to renovate approximately 1,150 units. 

•   Unity Towers: NYCHA completed resident voting on preserving 192 units.  

  

Manhattan: 

•   324 East 5th Street: HPD started resident engagement on a development to build approximately 80 units. 

•   2460-2478 Second Avenue: The New York City Economic Development Corporation (NYCEDC) selected a lead consultant for the education and engagement campaign for the Harlem African Burial Ground Memorial where the city is advancing approximately 730 units. 

•   4095 9th Avenue: HPD released an RFP to over 500 units. 

•   Campos Plaza II: NYCHA designated a PACT partner team to preserve 224 units. 

•   Frederick Samuel PACT: NYCHA closed on financing to preserve 664 units though the PACT program.  

•   Hernandez, Meltzer, and Seward Park PACT: NYCHA designated a PACT partner team to preserve 740 units. 

•   Manhattanville Houses: NYCHA closed on financing to preserve 1,272 units through the PACT program. 

•   Whitney Museum: NYCEDC started resident engagement on a development that would approximately build 600 units.  

  

Queens: 

•   Hunters Point South Parcel E: HPD started resident engagement on a development to build approximately 800 to 900 units. 

  

Staten Island: 

•   30 Canal Street: NYCEDC released an RFP seeking proposals to build approximately 550 units. 

•   Jersey Street: HPD selected a development team to build approximately 233 units. 

•   West Brighton PACT: NYCHA closed on financing for comprehensive renovations for over 1,300 residents living in 16 buildings. 

  

Mayor Adams had made historic investments toward creating affordable housing over the last three years. In June 2024, City Hall and the City Council agreed on an on-time, balanced, and fiscally-responsible $112.4 billion Fiscal Year (FY) 2025 Adopted Budget that invests $2 billion in capital funds across FY25 and FY26 to HPD and NYCHA’s capital budgets. In total, the Adams administration has committed a record $26 billion in housing capital in the current 10-year plan as the city faces a generational housing crisis. In July 2024, Mayor Adams announced back-to-back record breaking years in both creating and connecting New Yorkers to affordable housing. This past spring, the city celebrated the largest 100 percent affordable housing project in 40 years with the Willets Point transformation.  

Further, the Adams administration is using every tool available to address the city’s housing crisis. Mayor Adams announced multiple new tools, including a $4 million state grant, to help New York City homeowners create accessory dwelling units that will not only help them to afford to remain in the communities they call home, but also to build generational wealth for families.   

  

Last year, Mayor Adams and members of his administration successfully advocated for new tools in the 2024 New York state budget that will spur the creation of urgently needed housing. These tools include a new tax incentive for multifamily rental construction, a tax incentive program to encourage office conversions to create more affordable units, lifting the arbitrary “floor-to-area ratio” cap that held back affordable housing production in certain high-demand areas of the city, and the ability to create a pilot program to legalize and make safe basement apartments.    

  

Additionally, under Mayor Adams’ leadership, the city is fulfilling its 2024 State of the City commitment to build more affordable housing, including reopening the Section 8 Housing Choice Voucher program waitlist after being closed to general applications for nearly 15 years and creating the Tenant Protection Cabinet to coordinate across agencies to better serve tenants. The city has also taken several steps to cut red tape and speed up the delivery of much-needed housing, including through the “Green Fast Track for Housing,” a streamlined environmental review process for qualifying small- and medium-sized housing projects; the “Office Conversion Accelerator,” an interagency effort to guide buildings that wish to convert through city bureaucracy; and other initiatives of the Building and Land Use Approval Streamlining Taskforce.