On June 26, 2024, the New York City Department of Housing Preservation and Development celebrated the grand opening of The Eliza, a new affordable building and public library, with a ribbon cutting. The Eliza, located at 4790 Broadway in Inwood, is named after Eliza Hamilton, wife of Alexander Hamilton.
Search Results for: Affordable Housing
City Council Approves Three Land Use Applications with Affordable Housing in Brooklyn
On May 16, 2024, the City Council voted to approve three new land use applications that will bring more affordable housing to Brooklyn.
Proposed City of Yes for Housing Opportunity Amendment to Help Faith-Based Orgs Build Affordable Housing
On March 22, 2024, Mayor Eric Adams announced details about the plan to assist faith-based organizations and other mission-based nonprofits to build affordable housing citywide. As part of the City of Yes for Housing Opportunity plan, the administration’s third proposed zoning text changes that will remove outdated and arbitrary language from the zoning text that will allow for the creation of more housing.
City Launches $50 Million Initiative for Minority-Business Enterprise Developers to Work on Affordable Housing
On March 4, 2024, New York City Mayor Eric Adams, the New York City Housing Preservation Development (HPD) Commissioner Adolfo Carrión Jr., and New York City Housing Development Corporation (HDC) President Eric Enderlin announced an initiative to provide up to $50 million to help Minority Business Enterprises (MBE) overcome financial barriers and participate in developing much needed affordable housing for New Yorkers. The “New York City Minority Business Enterprise Guaranty Facility” is established in partnership … <Read More>
City Initiative to Help Create Affordable Housing for CityFHEPS Voucher Holders
On February 8, 2024, New York City Mayor Eric Adams and New York City Department of Social Services (DSS) Commissioner Molly Wasow Park announced the Affordable Housing Services (AHS) initiative that will serve to create 1,500 permanent affordable homes. The homes created under AHS will specifically aid New Yorkers who are exiting the shelter system with City Fighting Homelessness and Eviction Prevention Supplement (CityFHEPS) vouchers. In addition to the launch of AHS today, DSS has … <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>