On December 11, 2024, New York City Department of Housing Preservation and Development Commissioner Adolfo Carrión Jr. announced a 11,540 square-foot City-owned parking lot, located at 324 East 5th Street in the East Village, will be redeveloped into a housing complex with only affordable housing units.
Department of Housing Preservation & Development
HPD Celebrates Opening of 171 Affordable Apartments in the South Bronx
On October 28, 2024, the New York City Department of Housing Preservation and Development, in collaboration with other critical stakeholders celebrated the opening of Melrose North, a new building with 171 affordable apartments. Of the 171 affordable homes, 103 of the housing units are allocated for formerly homeless individuals and families. The apartments are located at the New York City Housing Authority’s Morrisania Air Rights campus in South Bronx and has a ramp for accessibility.
City Releases Proposed Rules for Two New Tax Incentives Programs: 485-x and 467-m
On October 8, 2024, the New York City Department of Housing Preservation and Development (HPD) published the proposed rules for the Affordable Neighborhoods for New Yorkers (Real Property Tax Law Section 485-x) and Affordable Housing From Commercial Conversions (Real Property Tax Law Section 467-m) programs.
HPD Announces Start of 2024-2025 Heat Season
On October 1, 2024, the Department of Housing Preservation and Development announced the launch of the 2024-2025 heat season. Heat season runs from October 1st to May 31st. During heat season, building owners must maintain specific indoor temperatures depending on the outdoor temperature. Owners must maintain indoor temperatures at 68 degrees when outdoor temperatures are below 55 degrees during the daytime and a minimum of 62 degrees indoors overnight regardless of the outdoor temperature. Hot … <Read More>
NYCHA and HPD Celebrate Opening of Betances Family Apartments in Mott Haven
On July 15, 2024, New York’s Housing Preservation and Development (HPD) and the New York City Housing Authority (NYCHA) celebrated the grand opening of Betances Family Apartments, a new affordable building, with a ribbon-cutting ceremony. The apartment complex is located on the NYCHA Betances VI campus in the Mott Haven area of the Bronx.
HPD Celebrates Opening of Senior Affordable Housing in Brooklyn
On July 3, 2024, the New York City Department of Housing Preservation and Development and IMPACCT Brooklyn celebrated the grand opening of 811 Lexington Avenue Senior Residences in Bedford-Stuyvesant, Brooklyn. This building replaced the Mars Fudge and Fruit Company building. This $36 million project aims to provide older adults access to affordable housing.