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De Blasio Set to Release Affordable Housing Plan

 
De Blasio Set to Release Affordable Housing Plan
Posted May 5th, 2014 @ 10:21am

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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