REMARKS
Affordable housing investments
0:19:45
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55 sec
Speaker Adams highlights the significant investments secured for affordable housing production and preservation in response to the city's housing crisis.
- $2 billion in additional funding was secured in the capital plan over the next 2 years for affordable housing production, homeownership opportunities, and public housing
- Baseline funding for city FHEPS (Family Homelessness & Eviction Prevention Supplement) of over $500 million was secured for the first time
- The speaker emphasizes the importance of these investments for allowing New Yorkers to live and raise families in the city
Adrienne E. Adams
0:19:45
We're at a pit pivotal moment.
0:19:47
We're smart investments in housing today can bring about a more affordable future.
0:19:52
The record high levels of homelessness and evictions compounded by the high lost high cost of housing underscores the urgency of building and sustaining homes for the people of our city.
0:20:03
In this budget, we secured $2, 000, 000, 000 in additional funding in the capital plan over the next 2 years for affordable housing production home ownership opportunities in public housing, thanks to chairs Riley Salamanca, Sanchez, and Banks along with many other members.
0:20:24
We're also proud to have secured baseline funding for city FEPs of over $500, 000, 000 for the very first time.
0:20:34
These are the types of investments that New Yorkers need to live in our city and raise their families here.