Preservation of Section 8 properties will prevent conversion to market-rate housing. On August 15, 2018, the Housing Preservation and Development, the Housing Development Corporation, and the LIHC Investment Group announced the preservation of 669 units of project-based Section 8 housing in high-cost City neighborhoods where similar buildings have been converted to market-rate housing.
Three-City owned sites will be developed to provide affordable housing, art and media centers, and commercial space. On July 26, 2018, the Department of Housing Preservation and Development announced plans for nearly 900 affordable homes in Brownsville, Brooklyn. This announcement updates the commitments made in the Brownsville Plan, which originally included building 880 units on three-City owned sites and infrastructure upgrades. According to HPD, the Plan is the result of a community-driven process to … <Read More>
Project will provide large number of affordable housing to recently rezoned neighborhood. On July 11, 2018, Mayor Bill de Blasio and Council Member Donovan Richards announced the two projects in the Downtown Far Rockaway area that will create over 670 units of affordable housing following the Downtown Far Rockaway rezoning approval ten months ago. The project is also being led by the New York City Economic Development Corporation, Department of Housing Preservation and Development, Housing … <Read More>
Applicant faces uphill battle to turn parking lot into residential building. On June 13, 2018, the City Planning Commission held a public hearing on an application by Camber Property Group for rezoning at 1601 DeKalb Avenue in Bushwick, Brooklyn. The rezoning will facilitate the construction of a new residential building. The rezoning will affect three lots owned by Camber and seven lots not owned by the applicant. The new building, however, will be constructed on … <Read More>
Modernization of apartment complex includes extension of affordability for the next 40 years. On June 5, 2018, the Department of Housing Preservation and Development announced completion of modernization work at the Fox Hill Apartments. The New York State Homes and Community Renewal, Rockabill Consulting-Development, Park Management, and development partners joined HPD in a ribbon cutting ceremony in front of the complex, at 320 Vanderbilt Avenue in Staten Island.
Vacant land to be improved with mixed-use building. On May 23, 2018, the City Planning Commission held a public hearing on a mixed-use project on 1019 Fulton Street in Brooklyn by the applicant team led by the Department of Housing Preservation and Development in a public-private partnership with Fulton Star LLC. The project will bring 50 mixed-income rental units to the Clinton Hill area with 15 of those units as permanently affordable. The project will … <Read More>