- Associated Press - Thursday, May 5, 2016

NEW YORK (AP) - New York City is moving ahead with plans to build nearly 500 apartments for low-income tenants, most of them elderly.

The New York Times (http://nyti.ms/1QSKPzt ) reports Thursday that the housing will be built on parking lots and grassland of public housing developments in Brooklyn and the Bronx.

Agreements between the New York City Housing Authority and developers are expected to be finalized by the end of the year. Construction could start next year and last about two years.

The units will be available to applicants earning 20 to 60 percent of the areas’ median income.

Mayor Bill de Blasio’s administration has set a goal of building 80,000 new affordable housing units over 10 years.

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