Preservation of Section 8 properties will prevent conversion to market-rate housing. On August 15, 2018, the Housing Preservation and Development, the Housing Development Corporation, and the LIHC Investment Group announced the preservation of 669 units of project-based Section 8 housing in high-cost City neighborhoods where similar buildings have been converted to market-rate housing.
Three-City owned sites will be developed to provide affordable housing, art and media centers, and commercial space. On July 26, 2018, the Department of Housing Preservation and Development announced plans for nearly 900 affordable homes in Brownsville, Brooklyn. This announcement updates the commitments made in the Brownsville Plan, which originally included building 880 units on three-City owned sites and infrastructure upgrades. According to HPD, the Plan is the result of a community-driven process to … <Read More>
Project will provide large number of affordable housing to recently rezoned neighborhood. On July 11, 2018, Mayor Bill de Blasio and Council Member Donovan Richards announced the two projects in the Downtown Far Rockaway area that will create over 670 units of affordable housing following the Downtown Far Rockaway rezoning approval ten months ago. The project is also being led by the New York City Economic Development Corporation, Department of Housing Preservation and Development, Housing … <Read More>
A new comprehensive process will seek to understand and address discrimination, residential segregation, and unequal access to opportunities through studies and community collaboration. On March 9, 2018, the Department of Housing Preservation & Development announced the launch of “Where We Live NYC” in partnership with the New York City Housing Authority. Where We Live NYC is a comprehensive fair housing planning process to study, understand, and address patterns of residential segregation and how these … <Read More>
New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program.
Senior affordable housing proposal would build over existing community park and green space. On Friday December 8, 2017, the New York City Housing and Preservation Department announced development plans that will create 121 affordable senior apartments and a community designed public open space in the Nolita neighborhood of Manhattan. Haven Green, an affordable new senior housing development will be affordable to seniors earning between $20,040 and $40,080 and include housing for formerly homeless seniors.… <Read More>