We have started building affordable homes that will be not only affordable enough to rent, but also affordable enough to buy. And yesterday in my Executive budget address, I announced that We are investing an additional $4 billion in in HBD capital funds over the next five years, with an additional $500 million more in fiscal year 2031 to build and preserve affordable housing across the five boroughs. We want to cut the ribbon on new housing and we will do so by cutting the red tape that's in its way. That is what speed is all about. (07:00–07:14)
CLAIM
Asserts an investment of $4 billion in HBD capital funds over the next five years, with an additional $500 million in fiscal year 2031.
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