On October 8, 2024, the New York City Department of Housing Preservation and Development (HPD) published the proposed rules for the Affordable Neighborhoods for New Yorkers (Real Property Tax Law Section 485-x) and Affordable Housing From Commercial Conversions (Real Property Tax Law Section 467-m) programs.
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City Launches NYC Industrial Plan
On September 16, 2024, Department of City Planning (DCP) Director Dan Garodnick in collaboration with other critical stakeholders announced the launch of the NYC Industrial Plan, The New York City Plan was sponsored by City Council Majority Leader Amanda Farias as outlined in Local Law 172-2023.
City to Reopen NYCHA Voucher Waitlist for First Time in 15 Years
On May 20, 2024, Mayor Eric Adams announced that the New York City Housing Authority (NYCHA) will begin accepting applications for the Section 8 Housing Choice Voucher program, which is the first time the waitlist has been open to new applications for almost 15 years. The voucher program is federally funded and administered by NYCHA for rental subsidies for low-come families to rent private housing. Households with a voucher can search for housing within a … <Read More>
City Planning Approves Green Fast Track Rule to Expedite Some Environmentally-Friendly Housing Projects
On March 20, 2024, the City Planning Commission voted to approve the Green Fast Track for Housing rule, a new rule to reduce the cost and time to approve certain modest and eco-friendly buildings by exempting them from review under the State Environmental Quality Review or City Environmental Quality Review laws. State law permits city agencies to have the authority to propose new rules that can allow certain projects to undergo a more streamlined process.
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.