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.
affordable housing
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>
New Affordable Housing for Artists Open for Application
Former public school has been transformed into affordable housing complex for artists. Artspace P.S. 109 is a 90-unit affordable housing complex that formerly served as an underutilized school building located in 215 East 99th Street in East Harlem, Manhattan. P.S 109 is an 1898 Gothic Revival-style structure that is also listed on the National Register of Historic Places.
Speaker Quinn Addresses Affordable Housing in State of the City Address
Presumptive mayoral candidate focuses on solutions to the “middle class squeeze” in speech. On February 11, 2013, City Council Speaker Christine C. Quinn gave her final State of the City Address. Speaker Quinn, who is term limited at the end of this year, is expected to announce her candidacy for mayor in September’s Democratic primary.
Quinn’s speech focused primarily on helping the middle class. The Speaker highlighted The Middle Class Squeeze, a report … <Read More>
Residential Project Adjacent to Brooklyn’s Broadway Triangle Approved by the City Planning Commission
Developer plans to build two, eight-story buildings on Walton Street between Union and Marcy Avenues. On July 25, 2012, the City Planning Commission approved Walton Realty Associates’ proposal to develop a two-building residential project at 59 Walton Street in South Williamsburg. Walton Realty would demolish a low-rise storage and distribution facility on Walton Street between Union and Marcy Avenues and build two, eight-story buildings. The buildings would rise up to 80 feet and provide … <Read More>