A key pillar of the Administration’s Housing Blueprint is the creation and preservation of affordable housing. In fiscal year 2024, maximizing every available resource and pursuing development of affordable housing on both public and privately-owned sites, HPD, NYCHA, and HDC financed nearly 26,000 (25,266) affordable homes and completed renovations for 3,700 (3,678) public housing units through PACT. While the supply of remaining lots in HPD’s jurisdiction is dwindling and many of those vacant lots and buildings face significant development challenges, we continue to press forward on every suitable HPD-owned site, as well as sites owned by other city agencies, to provide urgently needed new affordable apartments paired with upgraded public amenities. These efforts are evident in our progress over the past year to push more of our public sites into use for affordable housing. Since the first LL30 estimate in November 2017:
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