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De Blasio Set to Release Affordable Housing Plan

De Blasio Set to Release Affordable Housing Plan

The struggle to afford housing in New York City is being assessed and Mayor Bill de Blasio is coming up with a 10-year plan to create or preserve 200,000 affordable housing units in New York City, according to PIX11. De Blasio is expected to release his plan of action today.

A study done by New York University found that the median rent in NYC rose 11% between 2005 and 2012, while the median household income rose just 2%.

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Source: PIX11

Photo Credit: Getty Images

 

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