The project will be financed under an HPD program that requires low and extremely low-income affordability and set-asides for the formerly homeless. On June 27, 2019, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC,) L+M Development Partners, Jonathan Rose Companies, and Acacia Network announced finalized plans for the first stage of development of Sendero Verde in East Harlem in Manhattan. The site is located on 111th Street, … <Read More>
Search Results for: Affordable Housing
City Supports Shared Living Housing
HPD launches ShareNYC, a pilot program to help developers finance affordable co-living housing. Co-living housing units supported by the City are headed for New York. On November 1, 2018, the City’s Department of Housing and Preservation and Development announced ShareNYC, an initiative to encourage the development of affordable, shared housing units on privately owned sites with the support of City funds. Developers will be permitted to enter bids for financing which will be provided through … <Read More>
HPD, NYSHCR, Private Developers and Others Announce Opening of New 135-Unit Affordable Kingsbridge Heights Development
The newly-constructed $70.5 million housing project is affordable, energy efficient, and provides housing and supportive services to formerly homeless families. On May 22, 2019, the New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas, Deputy Mayor for Housing Vicki Been, Department of Housing Preservation and Development Commissioner Louise Carroll, B&B Urban, L+M Development Partners and the Center for Urban Community Services announced the opening of a newly-constructed affordable housing development, Kingsbridge Heights Apartments… <Read More>
Vicki Been Appointed Deputy Mayor for Housing and Economic Development
The former HPD Commissioner will continue to work on affordability and economic opportunities for the City. On April 4, 2019, Mayor Bill de Blasio announced the appointment of former Department of Housing and Preservation Commissioner Vicki Been as the new Deputy Mayor for Housing and Economic Development. She succeeded Alicia Glen, who served in the position for five years.
HPD and Private Developers Partner to Bring 235-Unit Affordable Building to Bedford-Stuyvesant
The project will be financed under an HPD program that requires low and extremely low income affordability and set-asides for the formerly homeless. On March 27, 2019, the City Planning Commission voted to approve an application that will bring a 14-story affordable mixed-use development with 235 residential units to 1921 Atlantic Avenue in the Bedford/Stuyvesant neighborhood of Brooklyn. The application was brought by the Department of Housing Preservation and Development in conjunction with DTF Atlantic, … <Read More>
Rezoning to Bring 330 Affordable Units to Unionport Area of Bronx
The new development will bring an affordable ownership building and a larger rental building, both financed under HPD programs. On March 13, 2019, the City Planning Commission approved an application for a rezoning in the Unionport neighborhood of the Bronx. The rezoning will facilitate a 100 percent affordable development comprised of two new buildings, containing approximately 330 units, at 2069 Bruckner Boulevard. The application was presented to City Planning by Frank St. Jacques of Akerman, … <Read More>