Speaker wants NYC to double its spending on affordable housing

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Speaker wants NYC to double its spending on affordable housing
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In her first State of the City address, Adrienne Adams says the city needs to invest more in affordable housing to help unhoused and low-income New Yorkers

Lev Radin/Pacific Press/LightRocket via Getty Images

“The foundation of health for every neighborhood in our city is safe and stable housing,” Adams said to applause. Sitting in the front row inside the school, part of the City University of New York system, was Mayor Eric Adams, no relation to the speaker.

Of the $4 billion addition to the city’s capital budget, the speaker said she wants to direct $2.5 billion to the Department of Housing Preservation and Development and $1.5 billion to New York City Housing Authority, a public development corporation that provides housing to low-income and moderate-income residents in the five boroughs.

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