“Former commissioner Shaun Donovan set big affordable housing goals before President Obama tapped him as secretary of Housing and Urban Development. The timeline for the plan to preserve or build 165,000 new affordable housing units has been extended by a year, and will create fewer new apartments than first thought, but the city says it remains on track.
“Still, it will raise eyebrows in the housing world that Bloomberg is going deep into his own ranks, instead of out into the corporate or non-profit housing world, to lead one of his administration’s most challenging agencies — especially with affordable-housing battles like the 421-a extension and rent law renewal raging in Albany.”
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