17,300 units of affordable housing were created or preserved in 2014. On January 15, 2015, Mayor Bill de Blasio held a press conference to announce the financing of over 17,300 units of affordable housing during 2014. These units, 11,185 preserved and 6,191 of new construction, were financed as a part of the Mayor’s Housing New York plan to preserve and build 200,000 units of affordable housing by the end of Fiscal Year 2024. According to … <Read More>
Council Member Jumaane D. Williams
City Council Holds Oversight Hearing on Mayor’s Affordable Housing Plan
HPD, City Planning, NYCHA among those who answered questions on the results and direction of Mayor Bill de Blasio’s plan. On November 17, 2014, the City Council Committee on Housing and Buildings, joined by the Committee on Land Use and Committee on Community Development, held an oversight hearing on Housing New York, Mayor Bill de Blasio’s affordable housing plan. The Council heard testimony over the course of seven hours from Housing Preservation and Development … <Read More>
Land Use Committee Approves Astoria Cove Project [Updated]
Approval came after negotiations increased the percentage of affordable housing. On November 12, 2014 the City Council Land Use Committee voted 18-0 to approve the Astoria Cove development project, with modifications. The vote was delayed several hours as negotiations between lead developer Alma Realty and Council Member Costa Constantinides continued into Wednesday afternoon over Astoria Cove’s housing affordability and other issues discussed in the initial hearing.
Astoria Cove Developers Testify Before City Council
Council Members questioned the developers on the project’s affordability and use of union labor. On October 20, 2014 the City Council Subcommittee on Zoning and Franchises held a public hearing on the proposed Astoria Cove development project. The project, which would create a new mixed-use development of 1,700 apartments, commercial space, a school, a supermarket, and parks, was approved by the City Planning Commission over opposition by both Queens Community Board 1 and Queens Borough … <Read More>
CUNY Forum Focuses On Affordable Housing Issues
Elected officials and real estate professionals debate solutions and strategies to City’s affordable housing shortage. On October 1st, 2014 the City University of New York’s CUNY Forum series held a panel discussion titled “Affordable Housing and Social Justice in NYC”. The panel featured Manhattan Borough President Gale Brewer, Vishaan Chakrabarti of SHoP Architects and Associate Professor at Columbia University, Real Estate Board of New York President Steven Spinola, and Council Member Jumaane D. Williams. The … <Read More>