Council-approved developments in Special Clinton District will achieve 39 percent affordability across a range of Area Median Incomes. On June 26, 2014, the City Council unanimously voted 48-0 to approve applications which would facilitate the development of two new mixed-use buildings, the rehabilitation of another building, and creation of three new community gardens in the Special Clinton District in Manhattan. The joint applications were proposed by the Clinton Housing Development Company, the New York … <Read More>
Search Results for: Housing
The Williams: Single Room Occupancy Housing Rights in New York City
The City of New York experienced a massive influx of unmarried immigrants prior to World War II. For many of these men and women, hotel-style accommodations were more convenient and affordable than rental apartments. Such units generally did not include kitchens, but some included bathrooms. Many City newcomers preferred the old-world comforts of a communal kitchen.
For many New Yorkers without the physical or socio-economic resources necessary to maintain their own homes, single-room occupancy accommodations … <Read More>
$350 Million Investment In Affordable Housing
Partnership announced to establish a $350 million fund to support affordable housing throughout the City. On July 30, 2014, Mayor Bill de Blasio and Comptroller Scott M. Stringer announced a partnership to establish a $350 million fund to support affordable housing throughout New York City. The new financing was raised through the support of Citi, the New York City Retirement Systems, the New York City Housing Development Corporation, Wells Fargo, Morgan … <Read More>
REBNY Issues New Report on Landmarking and Housing Production
REBNY report shows that housing production, particularly affordable housing, is drastically lower in landmarked areas in the five boroughs. In 2013, the Real Estate Board of New York conducted a study which showed that nearly 28 percent of Manhattan is landmarked and that fewer than 2 percent of new housing units built in Manhattan over a ten-year time period (2003-2012) were constructed on landmarked properties. On July 1, 2014, REBNY released a new report which … <Read More>
Call for a Senior Housing Task Force
The shortage of affordable housing is felt in every corner of our City. Reasonably priced options are elusive– jeopardizing many residents’ personal security and eradicating diversity from our communities. Our rapidly growing population of elderly New Yorkers is especially vulnerable; seniors face unique challenges at a time when stability is paramount.
Financing Approved for Affordable Housing Developments
HDC approves the financing to fund 2,226 units of affordable housing. On June 16, 2014, the Board of Directors of the New York City Housing Development Corporation approved the financing for projects in Manhattan, the Bronx, and Brooklyn which will consist of $2756 million in bonds and $88.7 million in subordinate financing for HDC. The money will be used to construct eleven new buildings with 1,259 affordable housing units and preserve and protect seven projects … <Read More>