NEW YORK – November 20, 2015 – (RealEstateRama) — Mayor de Blasio today announced a new plan to create 15,000 units of supportive housing over the next 15 years. The sweeping plan will target even more New Yorkers in need than previous plans, including homeless veterans, survivors of domestic violence, and street homeless individuals.
The City’s 15,000 unit plan is comprised of roughly 7,500 newly-constructed, congregate units and 7,500 scattered site units. The plan will cost $2.6 billion in capital funds over the next 15 years to develop the 7,500 congregate units. Of the total capital costs, approximately $1 billion will be a City cost – and all but $380 million has already been budgeted through Housing New York.
Supportive housing has a proven track record of cost savings. A Department of Health and Mental Hygiene study showed NY/NY3 clients who were placed into supportive housing used public benefits, Medicaid, psychiatric institutions, jail, and shelters less than clients who were not placed, resulting in cost savings.
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