The city is expanding its affordable housing program for seniors by updating an existing initiative that provides flexible, multigenerational housing options for older adults.
New York City Mayor Eric Adams and the Department of Housing Preservation and Development (HPD) on July 30 said they have updated the Senior Affordable Rental Apartments (SARA) program, which traditionally funded studio and one-bedroom apartments for low-income seniors.
Under the new rules, developers will be required to include at least 20% two-bedroom units in SARA projects built in areas with limited affordable housing. In other neighborhoods, the two-bedroom units will be encouraged as part of a more inclusive design approach…