On April 5, 2024, State Comptroller Thomas P. DiNapoli released a report about monitoring of New York City’s capital projects. His report found that projects often run over the initial budget and past the estimated timeline, suggesting that better monitoring could save City resources.
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EVENT ANNOUNCEMENT: American Castles: 90 Years of Public Housing in New York – 2/28
The Center for New York City Law and New York Law School cordially invite you to
American Castles: 90 Years of Public Housing in New York
Grand Ideals, Broken Promises, and Renewed Commitments in the City’s Existential Challenge to House 500,000 New Yorkers
featuring Arvind Sohoni, Executive Vice President of Strategy & Innovation at the New York City Housing Authority (NYCHA)
Date and Time: Wednesday, February 28, 2024 at 5:45 PM
HPD Celebrates Opening of New Affordable Building with 275 Units in East New York
The building includes a community center with a variety of programs to promote economic growth and youth development. On October 4, 2022, the Department of Housing Preservation and Development (HPD) joined other city agencies, MHANY Management, Urban Builders Collaborative and Cypress Hills Local Development Corporation to celebrate the opening of Chestnut Commons Apartments in East New York, Brooklyn. Chestnut Commons Apartments, located at 110 Dinsmore Place, is a new 275-permanently affordable unit building.
Mayor Announces $1.5 Million Investment in Small Business Resource Network
On July 26, 2022, Mayor Eric Adams announced a $1.5 million investment in the NYC Small Business Resource Network. Building on commitments from the Mayor’s Economic Recovery Blueprint, this investment will allow the resource network to extend programming through 2023.
Mayor Announces Completion of Two Far Rockaway Projects
In addition to 224 affordable homes, street safety improvements have been implemented in downtown Far Rockaway. On August 4, 2022, Mayor Eric Adams announced the completion of two projects in downtown Far Rockaway, delivering on key commitments in 2016’s Downtown Far Rockaway Roadmap for Action. Together, both projects brought $234 million in investment to the neighborhood.
DCP Launches Capital Planning Explorer Website
On December 20, 2021, the Department of City Planning announced the release of the new Capital Planning Explorer, an interactive website that builds on an existing map of city facilities with added details about all City-funded capital projects and geographic views of housing permits. The website’s goal is to make capital planning more transparent.