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	Mayor Bloomberg and Commissioner Cestero Launch Updated New Housing Marketplace Plan The New York City Department of Housing Preservation and Development (HPD) is the largest municipal developer of affordable housing in the nation. Over the past six years, HPD and our sister agency the New York City Housing Development Corporation (HDC), in partnership with other key organizations, have carried out the Mayor’s New Housing Marketplace Plan (NHMP). Through the NHMP, we have created or preserved nearly 100,000 units of affordable housing —the volume that previously took the City 20 years to achieve. By any measure, this is an amazing accomplishment. As the economy has shifted, we have revised the NHMP—but our target remains the same: to finance the creation and preservation of more than 165,000 homes and apartments by 2014. This updated NHMP highlights changes we have made to address the challenges and opportunities presented by this depressed market. We have adapted existing programs and created new initiatives to meet our three critical goals of: (1) Strengthening neighborhoods, (2) Expanding the supply of affordable and sustainable housing; and (3) Stabilizing families by keeping them in their homes. Read more about the NHMP... Read Mayor Bloomberg’s housing speech...





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