On January 29, 2024, the Department of Housing Preservation and Development began a month-long effort to advance affordable housing projects on public sites citywide as part of Mayor Eric Adams’ “24 in 24” plan. The plan, announced in his State of the City address, aims to advance 24 affordable housing projects on public sites in 2024 to create or preserve over 12,000 affordable units. The first site is currently an unused city-owned parking lot on … <Read More>
Search Results for: Affordable Housing
City Planning Hears Application for Arts Center and Affordable Housing Development in Brownsville
On December 13, 2023, the City Planning Commission held a meeting on the City’s Brownsville Arts Center and Apartments project, an application that would enable the development of a mixed-use residential and community space at 376 Rockaway Avenue in the Brownsville neighborhood of Brooklyn. The proposed site is currently a vacant city-owned lot. The applicant, the Department of Housing Preservation and Development, seeks to rezone the area that is located mid-block between East New York … <Read More>
City Breaks Ground on New Phase of Affordable Housing Development in Hunts Point
On November 29, 2023, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York City Economic Development Corporation joined the development team to celebrate the groundbreaking of the next phase of the Peninsula, a 100 percent affordable housing mixed-use campus in the Hunts Point section of the Bronx. The development team included Gilbane Development Company, Hudson Companies, MHANY Management Inc, and Wells Fargo.
Governor Celebrates Opening of 96-Unit All-Electric Affordable Housing Development in Fordham Heights
On November 3, 2023, Governor Kathy Hochul announced the completion of a new all-electric affordable and supportive housing development in the Fordham Heights neighborhood of the Bronx. The housing development, named the 2050 Grand Concourse, was awarded funding from the State’s Buildings of Excellence Competition. The aim of the Competition was to advance zero-carbon multifamily buildings in the State.
City Announces Affordable Housing Credit Checks No Longer Needed for Tenants Using Rental Assistance Vouchers
On October 5, 2023, Mayor Eric Adams, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) announced that households using housing vouchers will no longer have their credit checked during the process of affordable housing selection. A renter who is using rental assistance vouchers is guaranteed to pay rent either through a rental subsidy which they are qualified for or connected to the affordable unit. It is an unnecessary and … <Read More>
City Reveals Atlantic Avenue Mixed-Use Plan to Bring Affordable Housing and Open Space to Central Brooklyn
On September 7, 2023, the New York City Mayor’s Office and New York City Department of City Planning released plans for new affordable senior homes and a revamp of St. Andrew’s Playground in Central Brooklyn. The departments’ objective was to further their ‘Atlantic Avenue Mixed-Use Plan’ by building in a zone of Brooklyn that has been stifled by restrictive zoning regulations.