- Associated Press - Tuesday, February 3, 2015

NEW YORK (AP) - About half of the senior citizens living in New York City are in a category called “housing burdened.”

To remedy that, the city plans to create and preserve 10,000 units of senior housing.

Mayor Bill de Blasio said Tuesday that the program will be supported by a $400 million capital investment as well as Section 8 vouchers.

The first projects are slated to begin this year.

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