On June 11, 2024, officials from the Department of Housing Preservation and Development, New York CIty Housing Authority, and New York City Housing Development Corporation celebrated the opening of Casa Celina, a building for New York’s seniors featuring over 200 new affordable units. The building is located on NYCHA’s Justice Sonia Sotomayor campus in the Soundview section of the Bronx.
Department of Housing Preservation & Development
HPD Celebrates Opening of 375 Affordable Unit Development in Greenpoint
On April 3, 2024, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, elected officials and project partners celebrated the opening of 35 Commercial Street, a new affordable residential development that is part of Greenpoint Landing in Brooklyn. Greenpoint Landing is a 22-acre site along the East River waterfront that is being master-planned and developed by Park Tower Group, and is expected to have 5,500 total residential units once completed.
HPD, HDC, HCR Celebrate Groundbreaking for Stevenson Square Project to Bring 1000 Affordable Units to the Bronx
On March 1, 2024, the New York City Department of Housing Prevention and Development (HPD), New York City Housing Development Corporation (HDC), and the New York State Division of Housing and Community Renewal (HCR) celebrated the groundbreaking for Stevenson Square in the Soundview section of The Bronx. The $1 billion construction project, in conjunction with Camber Property Group, will build affordable homes in furtherance of the ‘Housing Our Neighbors Blueprint’ initiative.
HPD Announces New Apartment and Theater in Mott Haven as Part of “24 in 24” Initiative
On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>
HPD Announces Historically Low Rental Vacancy Rate
On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running … <Read More>
HPD Announces Bergen Green Affordable Housing Project in Latest 24 in 24 Push
On January 31, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that Apex Building Group and Bridge Street Development Corporation will be building 116 homes for low-income families at 516 Bergen Street in Prospect Heights, Brooklyn. The announcement comes in light of Mayor Adams’ push for affordable housing advancements on publicly owned land. Mayor Adam’s 24 in 24 plan is seeking to create or preserve around 12,000 units of housing … <Read More>