NYC mayor surpasses 2024 housing goal, creating over 13,000 affordable units

Mayor Eric Adams has announced the successful completion of the city’s ambitious “24 in 24” plan, which has led to the advancement of 26 affordable housing projects across all five boroughs, surpassing its initial goal.

The initiative, part of the Mayor’s efforts to tackle the city’s housing crisis, has resulted in the creation or preservation of over 13,000 affordable housing units. This achievement follows the passage of the “City of Yes for Housing Opportunity” plan, the most pro-housing zoning proposal in New York City’s history.

“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,” said Mayor Adams. “Since then, we’ve passed the most pro-housing zoning proposal in city history, committed a record $26 billion in housing capital, and today, we’ve fulfilled another pledge by surpassing our ‘24 in 24’ target. We will continue the work, and in our upcoming State of the City, we’re going to go even bigger and bolder to deliver housing relief to New Yorkers.”

First Deputy Mayor Maria Torres-Springer echoed the success, noting, “Mayor Adams empowered us to use every tool in our toolbox to build housing everywhere. A major part of this strategy was ‘24 in 24,’ and in less than a year, we have exceeded our promise, advancing 26 projects and surpassing our housing unit goal. As we approach the 2025 State of the City, we’re ready to keep the momentum going.”

The 26 projects span across the Bronx, Brooklyn, Manhattan, Queens, and Staten Island, highlighting key developments such as 1,610 units at Bay View Houses in Brooklyn, 1,272 units at Manhattanville Houses, and over 900 units at Hunters Point South Parcel E in Queens. The Adams administration has also made major strides in preserving housing through the New York City Housing Authority (NYCHA) with programs like the Permanent Affordability Commitment Together (PACT), which has safeguarded thousands of units.

This milestone comes after Mayor Adams and the City Council passed a balanced $112.4 billion fiscal year 2025 budget that allocates $2 billion for housing initiatives. The Adams administration has committed a historic $26 billion in housing capital over the next decade, a crucial investment as the city grapples with a housing shortage and a 1.4% rental vacancy rate.

With this latest success, Mayor Adams continues to push for bold solutions to New York’s housing crisis, signaling further progress in the year ahead.