By most measures, the New Housing Marketplace plan, an affordable housing development program put into place during the Bloomberg administration, has been a great success. Since (fiscal) 2004, the plan has created or preserved more than 140,000 affordable units throughout the city — about 85 percent of its goal of 165,000 units. The city considers the initiative "the largest municipal affordable housing effort in the nation's history."
Plans for New York housing affordability fall through
Source: The Atlantic