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Mayoral Candidates Outline Plans To Create Affordable Housing

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In response to the challenge New Yorkers face in finding housing priced within their means, the mayoral candidates have plans to in mind to increase the number of affordable housing options available throughout the city. NY1's Grace Rauh filed the following report.

One hundred and sixty-seven thousand families are on the wait list for public housing, and there are countless others getting squeezed by the city's rising rents.

"I'm going to take head-on the affordability crisis, because we are not going to be a home for the middle class if people can't find homes and apartments they can afford," said City Council Speaker Christine Quinn.

Quinn says she will create 80,000 new affordable apartments over 10 years, with half going to middle income New Yorkers.

She plans to pay for the housing with a mix of new borrowing and budget savings.

"My plan is for 200,000 units over the next ten years. It's a very ambitious plan but it can be done," said Public Advocate Bill de Blasio.

The public advocate says he would require many developers to build affordable housing when undertaking new projects.

It's an approach known as mandatory inclusionary zoning.

Quinn has questioned the legality of such a move.

Former City Comptroller Thompson says he will create or preserve 120,000 affordable apartments over the next eight years and use vacant property owned by the government to make it happen.

"I'll focus like a laser on building housing for working families," Thompson said.

Anthony Weiner wants developers who get tax breaks to set aside one-fifth of their apartments for low income residents and an additional fifth for middle-income New Yorkers.

City Comptroller John Liu promises to create or save 100,000 affordable apartments in his first term.

He would pay for it, in part, with a tax hike on wealthy New Yorkers and tolls for people who do not live in the city.

Republican mayoral candidates Joe Lhota and John Catsimatidis have endorsed a plan to build or preserve 150,000 affordable apartments.

Lhota also wants to take surplus property from the Metropolitan Transportation Authority and the state and use it for housing.

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