On October 28, 2024, the New York City Department of Housing Preservation and Development, in collaboration with other critical stakeholders celebrated the opening of Melrose North, a new building with 171 affordable apartments. Of the 171 affordable homes, 103 of the housing units are allocated for formerly homeless individuals and families. The apartments are located at the New York City Housing Authority’s Morrisania Air Rights campus in South Bronx and has a ramp for accessibility.
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City Celebrates Success of Street Homeless Advocacy Project
On August 9, 2024, New York City Mayor Eric Adams and other critical stakeholders celebrated major milestones reached by the Street Homelessness Advocacy Project (SHAP) within the first two years of the program.
Mayor and SBS Celebrate Business Improvement Districts with Almost $7 Million in Investments
On May 6, 2024, Mayor Eric Adams and Small Business Services Commissioner Kevin D. Kim announced new investments to support business improvement districts (BIDs) and community-based organizations. Since 2022, the Adams administration has invested over $27 million for BIDs, merchant organizations, and other community-based development organizations.
Governor Announces Funding for Almost 1,100 Affordable Homes Statewide, Including Brooklyn and the Bronx
On April 8, 2024, Governor Kathy Hochul announced $412 million in bonds and subsidies to create and preserve nearly 1,100 affordable homes statewide, including four projects in the Bronx and Brooklyn. The awards are part of the Governor’s five-year $25 billion housing plan to preserve or create 100,000 affordable homes statewide with 10,000 supportive homes.
HPD Celebrates Opening of 375 Affordable Unit Development in Greenpoint
On April 3, 2024, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, elected officials and project partners celebrated the opening of 35 Commercial Street, a new affordable residential development that is part of Greenpoint Landing in Brooklyn. Greenpoint Landing is a 22-acre site along the East River waterfront that is being master-planned and developed by Park Tower Group, and is expected to have 5,500 total residential units once completed.
City Planning Approves Timbale Terrace Application in East Harlem
On January 3, 2024, the City Planning Commission voted to approve the Timbale Terrace project, a mixed-use 100 percent affordable building at 101 East 118th Street in East Harlem. The building will replace a parking lot for the New York Police Department’s 25th Precinct.