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NEW YORK TIMES --De Blasio Sets Ambitious Goal for Affordable Apartments
January 22, 2014
After Mayor Edward I. Koch instituted his housing plan in the 1980s, New York City created tens of thousands of affordable apartments by renovating vacant buildings in neighborhoods that had been ravaged by arson and abandonment.
More than two decades later, Mayor Michael R. Bloomberg, with far less unoccupied property at his disposal, poured money into preserving government-subsidized and rent-stabilized residences as well as into building some new units.