New York banks have been worried since Bill de Blasio was elected mayor in November that he might aim a wrecking ball at the booming business of multifamily lending.

They are thinking sunnier thoughts now. First, De Blasio announced in May that he will let apartment developers construct taller, larger buildings in exchange for a requirement they include more affordable housing units, as part of his plan to create or preserve 200,000 affordable units over 10 years. Overall, many lenders think that could promote big development and more profitable loans.

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