"Mayor's New Plan for Affordable Housing: Overnight Delivery?," - Gothamlist

Rather than building new affordable homes in the city, Bloomberg now wants to spruce up those that already exist. His revamped plan will cost $8.5 billion and seeks to preserve 165,000 units by 2014. One Bed-Stuy housing development would have been a good candidate for the program, until it called a press conference to address its long list of complaints and the repairs were miraculously completed. “I’ve never seen anything like this in my life,” said Cassandra Harrell, the president of the Bed-Stuy Rehabs’ resident association, who has lived in the project for 27 years. “They put up Sheetrock, they painted the walls, they knew the press was coming.”

For years residents of the Bedford-Stuyvesant Rehabs complained about "mold, leaky pipes, stained ceilings, holes in the walls, puddles in the hallway and long spells in the winter without heat or hot water," according to the Times. The vermin problem was so bad that one resident lost his pet bird to a rat. “Yeah, it ate the bird,” said David Caban. “The cage was on the floor.” But the night before a press conference was scheduled, 8-12 repairmen appeared at the projects and got to work. “[We are] a 24/7 operation,” said a spokeswoman for the housing authority in an email, adding that the work had been scheduled ahead of the press conference.

Under Bloomberg's plan, affordable housing tenants shouldn't have to sic the press on the housing authority to get their repairs. The New Housing Marketplace Plan will "preserve" affordable housing, meaning that "its housing agencies refinance and renovate buildings in return for keeping rents locked in for long periods, usually decades, as opposed to letting the units rent or sell at market rates" as the Times puts it.

The city will build 60,000 new homes and preserve 105,000 amending a cheaper 2005 plan to build 92,000 units and preserve 73,000. “The extra money will go toward allowing us to save projects that otherwise would’ve gone to market rates, and keeping rents low, and locking that in 30 or 40 years,” said housing commissioner, Rafael Cestero. “We have the opportunity right now to step in at a way that we weren’t able to before.”

"Vacant Lot in Bed-Stuy Revitalized with Affordable Housing," - Real Estate Rama

Albany, NY - September 17, 2009 - (RealEstateRama) — DHCR Commissioner Deborah VanAmerongen recently joined elected officials and community leaders at 1825 Atlantic Avenue in Brooklyn’s Bedford-Stuyvesant neighborhood to celebrate the opening of Atlantic Avenue Apartments. The once blighted block is being revitalized thanks to the seven story building with 149 units of ENERGY STAR-rated affordable housing.

DHCR provided $3 million for the development, which will have gross rents ranging from $196 to $1,430 a month. The 30 three-bedroom, 74 two-bedroom, 34 one-bedroom, and 12 studio apartments reserved for mentally disabled tenants, will help alleviate the housing needs of this neighborhood.