On October 16, 2024, New York City Mayor Eric Adams and New York Governor Kathy Hochul celebrated the milestone of the New York City Department of Housing Preservation and Development (HPD) receiving Letters of Intent for approximately 650 buildings through the 421-a extension tax incentive program. The proposed 650 buildings represent roughly 71,000 new homes (including 21,000 affordable units) for New Yorkers. Currently, New Yorkers face a 1.4 percent rental vacancy rate, with half of … <Read More>
Search Results for: Zoning
COMPLETE VIDEO: Policy Briefing with DCP Director Dan Garodnick, ‘City of Yes for Housing Opportunity’
On Wednesday, October 2, 2024, Department of City Planning Director Dan Garodnick spoke at New York Law School about the Adams Administration’s “City of Yes for Housing Opportunity” zoning text amendment. He had a discussion with Ben Max, Executive Editor for the Center for New York City and State Law about the amendment’s recent approval by the City Planning Commission and pending City Council review.
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.
Council Approves Bronx Metro-North Station Area Plan
On August 15, 2024, New York City Mayor Eric Adams, in collaboration with critical stakeholders celebrated New York City Council’s approval of the Bronx Metro-North Station Area Plan. Four new Metro-North stations will be coming to the Parkchester/Van Nest, Morris Park, Hunts Point, and Co-op City neighborhoods in the Bronx by 2027. The plan complements the construction of these stations by adding more housing, job opportunities, and enhanced public spaces around the Morris Park and … <Read More>
City Planning Commission Votes to Approve Nine-Story Mixed-Use Building in Sheepshead Bay
On June 26, 2024, the City Planning Commission voted to approve the 3033 Avenue V Rezoning application. The application enables the construction of a nine-story mixed use development. The project is located in Sheepshead Bay, Brooklyn and the current site consists of a one-story commercial building with eleven businesses on the north side of Avenue V between Ford and Coyle Streets. The project site is located across the street from the Nostrand Houses.
HPD Celebrates Opening of Affordable Housing and New Library in Inwood
On June 26, 2024, the New York City Department of Housing Preservation and Development celebrated the grand opening of The Eliza, a new affordable building and public library, with a ribbon cutting. The Eliza, located at 4790 Broadway in Inwood, is named after Eliza Hamilton, wife of Alexander Hamilton.