In the next 5 years on the streets of new York will be much less homeless, and thousands of low-income families will finally be able to solve the housing problem. Last week authorities made the largest in the history of new York city’s investment in affordable housing. Andrew Cuomo signed the act, according to which in the following year for the construction and preservation of real estate budget will be allocated 2.5 billion — this important step is part of a five-year plan to address housing crisis and homelessness.
In the next four years for these purposes plan to allocate 17.5 billion, then the total amount of financing will reach $20 billion.
About half of the money used for the construction and preservation of 110 million residential units for low-income, $125 million will be spent on affordable housing for seniors, and the remaining funds be allowed to provide a roof over the head of the homeless project involves the creation of an additional 6 thousand people in city shelters.
The measures will be a powerful impetus to overcome the housing crisis in the region, which occurs because of the high prices for rent and purchase real estate.
