All topics / Promoting Viable Communities and Neighborhoods / Department of Housing Preservation and Development
New construction in limited affordability areas (%)
Provide opportunities for New Yorkers to live in housing that is affordable and financially stable. — Ensure housing options in every neighborhood give New Yorkers choice and opportunity.
The share of new construction sited in neighborhoods with the least affordable rental housing rose to 16% in fiscal 2025, a five-percentage-point jump HPD describes as a deliberate result of the agency prioritizing financing for new construction in these underserved areas as part of its fair-housing strategy. Because this is a small percentage measured off a limited number of projects each year, year-to-year figures can move substantially even without a change in overall policy.
Researched July 15, 2026 — HPD, Fiscal 2025 Mayor's Management Report
* Year to date — this fiscal year isn't complete, so it's not compared against prior years in the target/trend status above.
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| Fiscal year | Actual |
|---|---|
| FY22 | 7% |
| FY23 | 6% |
| FY24 | 11% |
| FY25 | 16% |
| FY26 (YTD) | Not available |
Why this is tracked
HPD is described as the largest municipal developer of affordable housing in the United States. In May 2014, the city launched Housing New York: A Five-Borough, Ten-Year Plan, aiming to build and preserve 200,000 affordable homes over a decade; the administration reported hitting that goal two years ahead of schedule and went on to finance the preservation or construction of 200,000 affordable homes overall, the most by any single mayoral administration in city history, before expanding the goal to 300,000 homes under Housing New York 2.0.
New York City Department of Housing Preservation and Development - Wikipedia, 200,000 Affordable Homes for New Yorkers - NYC.gov
Source: Office of Development — via NYC Open Data: Mayor's Management Report, Agency Performance Indicators
Coverage shown: FY22–FY26, reported annually.
Definition: The percentage of new construction housing units (starts) in low affordability areas. Low affordability areas are defined as U.S census areas where the share of low cost rentals are less than 20% of the housing.