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FYI: Mayor Bloomberg unveiled a housing development plan yesterday of the scale not seen since the Koch administration. Bloomberg’s plan would leverage $500 million created by borrowing against the Housing Development Corporation’s assets and use $555 million in federal housing money already in this year’s budget to spur private investment. Affordable housing advocates were largely pleased with the plan. Some in the business community, however, were riled by a proposal that would rezone some manufacturing areas as residential ones. Read the text of the mayor’s speech. [12/11/02]

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