All topics / Promoting Viable Communities and Neighborhoods / Department of Housing Preservation and Development
Total affordable housing starts (units)
Provide opportunities for New Yorkers to live in housing that is affordable and financially stable. — Increase the quantity of affordable housing in New York City.
Affordable housing starts fell to a recent low in fiscal 2022 amid rising construction costs and HPD staffing shortages, then climbed each year after as the agency's pipeline recovered — helped by a surge in new construction financed through the 421-a tax-exemption program, which pushed fiscal 2025 starts to their second-highest new-construction total on record.
Researched July 15, 2026 — HPD, Fiscal 2025 Mayor's Management Report, HPD, Fiscal 2024 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.
View as table
| Fiscal year | Actual | Target |
|---|---|---|
| FY22 | 17,022 starts | Not available |
| FY23 | 24,689 starts | Not available |
| FY24 | 25,552 starts | Not available |
| FY25 | 28,281 starts | 20,000 starts |
| FY26 (YTD) | Not available | 20,000 starts |
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 monthly.
Definition: The total number of housing units (starts) created or preserved and counted by HPD. Units are created or preserved through financed new construction or rehabilitation, regulatory agreements creating or extending affordability, and homebuyer and homeownership assistance. HPD counts units produced by Housing Preservation and Development, Housing Development Corporation, NYC Economic Development Corporation, New York City Housing Authority, Department of Homeless Services, City Planning and New York State Homes and Community Renewal.