On January 29, 2024, the Department of Housing Preservation and Development began a month-long effort to advance affordable housing projects on public sites citywide as part of Mayor Eric Adams’ “24 in 24” plan. The plan, announced in his State of the City address, aims to advance 24 affordable housing projects on public sites in 2024 to create or preserve over 12,000 affordable units. The first site is currently an unused city-owned parking lot on … <Read More>
affordable housing
City Planning Approves Timbale Terrace Application in East Harlem
On January 3, 2024, the City Planning Commission voted to approve the Timbale Terrace project, a mixed-use 100 percent affordable building at 101 East 118th Street in East Harlem. The building will replace a parking lot for the New York Police Department’s 25th Precinct.
City Breaks Ground on New Phase of Affordable Housing Development in Hunts Point
On November 29, 2023, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York City Economic Development Corporation joined the development team to celebrate the groundbreaking of the next phase of the Peninsula, a 100 percent affordable housing mixed-use campus in the Hunts Point section of the Bronx. The development team included Gilbane Development Company, Hudson Companies, MHANY Management Inc, and Wells Fargo.
City Planning Hears Application for Mixed-Use Commercial, Manufacturing and Residential Development in Crown Heights
On November 15, 2023, the City Planning Commission held a public hearing for a rezoning application at 962 Pacific Street in Crown Heights. The applicant seeks to rezone the lot bound by Pacific Street to the north, Classon Avenue to the east, Dean Street to the south, and Grand Avenue to the west. The rezoning would enable the development of a mixed-use residential, commercial, and community space. The proposed site is currently a vacant lot.
Governor Celebrates Opening of 96-Unit All-Electric Affordable Housing Development in Fordham Heights
On November 3, 2023, Governor Kathy Hochul announced the completion of a new all-electric affordable and supportive housing development in the Fordham Heights neighborhood of the Bronx. The housing development, named the 2050 Grand Concourse, was awarded funding from the State’s Buildings of Excellence Competition. The aim of the Competition was to advance zero-carbon multifamily buildings in the State.
Zoning for Housing Opportunity Amendment Aims to Address City’s Housing Shortage
Still in its early stages, Mayor Adams’ proposed zoning text amendment aims to increase affordable housing in the city. On June 1, 2022, Mayor Adams announced his “City of Yes” plan consisting of three citywide zoning text amendments. One of these initiatives, “Zoning for Housing Opportunity,” addresses the city’s housing shortage. Although the text amendment has not yet been drafted, Mayor Adams listed four key housing proposals in his announcement.