- Associated Press - Tuesday, February 3, 2015

NEW YORK (AP) - Mayor Bill de Blasio has unveiled an initiative to help make New York City affordable for low-income artists.

In his State of the City speech Tuesday, the mayor said the city will invest $30 million over the next decade in 1,500 affordable units of live-work space for artists.

He says the city will work with cultural partners, housing agencies and the philanthropic community to realize that goal.

De Blasio says the city also will convert underutilized city-owned property into 500 below-market artist workspaces.

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