Search Results for: Affordable Housing

Requests for Proposals Sought For Affordable Housing Developments At Two Hudson Yards Sites

Two sites located at Hudson Yards will be used for future affordable housing development. On April 9, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer announced the release of a Request for Proposals that seeks qualified teams to develop two city-owned sites into mixed-use affordable housing developments. The sites are located in Hudson Yards in the Hell’s Kitchen neighborhoods.

New Laws Target Vacant Land as a Tool for Achieving Affordable Housing Goals

New laws focusing on vacant land throughout the City aims at identifying and reporting lots and buildings that could be used for affordable housing. On January 8, 2018, Mayor Bill de Blasio signed two bills into laws that focus on how vacant land, both public and private, across the city could be used to further accelerate the production of affordable housing. The new laws will advance the Mayor’s Housing New York 2.0 plan to build … <Read More>

City Planning Approves 425 Units of Affordable Housing in Soundview, Bronx

Two mixed-use buildings, containing 425 affordable residential units for families and seniors, will be developed in Soundview, Bronx. On October 18, 2017, the City Planning Commission issued a favorable report on an application for a zoning map and text amendment by the Park Lane Residence Company. This application will facilitate the development of two mixed-use buildings with 425 affordable housing units in Soundview, Bronx. The project area is bounded by Turnbull Avenue to the north, … <Read More>

City Planning Approves Bronx River Rezoning for Affordable Housing

The City Planning Commission approved the development of a new 13-story building in Bronx River with 220 affordable housing units and retail space. On August 23, 2017, the New York City Planning Commission issued a favorable report on an application from the 1675 JV Associates, LLC for a zoning map and text amendment. The zoning map amendment will change the current residential district (R6) into a mixed-use district (R8A/C2-4), and the text amendment will establish … <Read More>

Churches to Get Help Building Affordable Housing

Mayor and non-profit community development financial institution announce new program to help religious non-profits build affordable housing. On August 23, 2017, the Local Initiatives Support Corporation NYC, the Department of Housing Preservation and Development and the Mayor’s Office announced the launch of a new initiative to aid non-profits in the construction of new affordable housing. The initiative, called the New York Land Opportunity Program, is a joint venture with the goal of helping faith-based institutions … <Read More>

Comptroller Audit Finds that HPD Review of Affordable Housing Sponsors Was Effective

Comptroller audit finds that HPD’s controls to ensure that housing incentives were rewarded to qualified applicants were largely effective. On June 27, 2017, the Office of the city Comptroller Scott Stringer released a report of an audit of the Department of Housing Preservation and Development. The audit sought to evaluate whether HPD had adequate controls to ensure that its housing incentive projects were properly awarded to property owners and developers that qualified for the program, … <Read More>