Your Square Footage and Dollar Values, Delivered.
Though it certainly came as no huge shock, this election season Bill de Blasio was reelected to a second term as mayor of New York City. We’re taking a look at what de Blasio’s career has meant for New York real estate, and how his influence will continue to be felt within the industry in the coming years—by the numbers.
- 300,000: The number of below-market-rate apartments de Blasio vowed to build and preserve by 2026 as part of his affordable housing program.
- 0: The amount of waste de Blasio hopes NYC will produce by 2030, as a part of the OneNYC initiative.
- $1,500,000: The fine required for construction worker injury as a result of the construction safety bill, passed by City Council this September while de Blasio was in office.
- 706,000: The amount of votes de Blasio received this election, with about 97 percent of scanners counted.
- 50,000: The British Thermal Units of fossil fuels a building of 25,000 square feet or more is permitted to use without incurring fines, according to de Blasio’s recent proposal to cut emissions from New York City buildings.
- 14,500: The number of buildings affected by de Blasio’s emission cutting proposal, who will have to make upgrades to reduce greenhouse gas emissions to de Blasio’s standards.
- 35: The number of years of the property tax break on large projects as a result of 421a, which de Blasio supported the revival of, a program that in general has been panned for not providing enough housing for lower-income tenants.
- $100,000: The amount of money real estate developer Jona Rechnitz raised for de Blasio’s campaign.
- 11,000: The amount of units in Sunnyside Yards in Queens, where de Blasio hopes to build an affordable housing complex on top of a platform.
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