$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, … <Read More>
affordable housing
UPDATED: CPC Holds Public Hearing on Manufacturing and Residential Mixed-Use Development in Brownsville
The project is a partnership between a mental health and housing non-profit and a manufacturing real estate non-profit. On October 7, 2020, the City Planning Commission held a public hearing for a mixed use-manufacturing and affordable housing development at 803 Rockaway Avenue in Brownsville, Brooklyn. The rezoning area covers nine lots on the block bounded by Riverdale Avenue to the north, Newport Avenue to the south, Rockaway Avenue to the west and Thatford Avenue to … <Read More>
Flatbush Community Investment Adds Affordable Housing, Educational and Vocational Training Center
The development is on the site of a former landmark. On October 9, 2020, Mayor Bill de Blasio and Council Member Mathieu Eugene announced plans to develop affordable housing in Flatbush, Brooklyn to add approximately 130 affordable apartments. This new site would be located at 2286 Church Avenue and is the site of former Public School 90.
City Awards Nonprofits Over $200,000 to Help People with Disabilities Access Affordable Housing
On August 17, 2020, The New York City Department of Housing Preservation and Development, along with Citi Community Development and Investment, awarded nine community-based organizations over $200,000 to help disabled New Yorkers apply for affordable housing. This assistance is provided through the Department’s Housing Ambassador Program, which connects nearly two million users on Housing Connect with community organizations that assist with the housing application process.
City Planning Holds Public Hearing on 100% Affordable Mixed-Use Development in Brooklyn
The proposed mixed-use development looks to activate vacant land near the Halsey Street Subway station. On August 17, 2020, the City Planning Commission held a remote public hearing on a City application that would facilitate the construction of an eight-story mixed use development in the Ocean Hill neighborhood of Brooklyn. The site is currently a vacant, trapezoidal block situated mainly along Broadway to the northeast, Hancock Street to the southeast, and Saratoga Ave to the … <Read More>
Mayor Announces FY20 Affordable Housing Statistics
Mayor’s affordable housing announcement appears more retrospective than optimistic. On August 5, 2020, The Mayor’s Press Office released a statement touting the amount of affordable housing created in fiscal year 2020. The announcement states that the City preserved 23,520 homes and constructed 6,503 new units, totaling 30,023 affordable City financed homes. More than 50 percent of these homes serve families earning less than $52,000 and 3,600 people received voucher increases to ameliorate income lost from … <Read More>