City Announces Award of Over $70 Million in Grants for Electric School Buses, Electric Vehicle Charging at Hunts Point

On March 18, 2024, Mayor Eric Adams announced that New York City received $77 million in grants through the federal Bipartisan Infrastructure Law to expand the number of electric school buses and trucks citywide and the creation of the nation’s first freight electric vehicle charging hub. 


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 Planning Commission Votes to Approve City of Yes for Economic Opportunity Amendment

On March 6, 2024, the City Planning Commission voted to approve the City of Yes for Economic Opportunity zoning text amendment. The amendment, the second of Mayor Eric Adams’ three City of Yes proposals, is a collection of eighteen changes to the zoning text designed to remove obstacles for small businesses looking to expand and create more vibrant streetscapes. 



HPD Announces New Apartment and Theater in Mott Haven as Part of “24 in 24” Initiative

On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>


DOB Announces Penalties for Over 400 Property Owners for Late Parking Structure Report Submissions

On January 18, 2024, the Department of Buildings announced that over 400 property owners had received initial penalties for failing to submit required engineering inspection reports for parking structures located on their properties. Through the Periodic Inspection for Parking Structure (PIPS) program, 1,056 properties in Lower Manhattan, Midtown, and the Upper West Side were required to submit inspection reports to the Department of Buildings before January 1, 2024.