Council Subcommittee Hears Application for Affordable Homeownership Project in Bedford-Stuyvesant

HPD’s Open Door Program a key facet of Rochester Suydam application. On February 26, 2020, the City Council Subcommittee on Landmarks, Public Sitings and Dispositions heard the Department of Housing Preservation and Development and BJF Development’s application for the disposition of City owned property, the designation of an Urban Development Action Area and the approval of a property tax exemption under Article XI of the Private Housing Finance Law. The approval would facilitate the development … <Read More>


Council Approves Application for Construction of New Affordable Housing Development in Bedford-Stuyvesant, Brooklyn

The new nine-story building would bring approximately 36 housing units for the formerly homeless. On October 17, 2019, the City Council voted to approve a land use application to facilitate the construction of a new nine-story mixed-use residential and commercial building on three vacant City-owned lots at 776-780 Myrtle Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. To facilitate the project, the application asks for two land use actions. First, the three City-owned vacant lots will … <Read More>


Bronx Point Seeks to Use Open Space to Ingrain Development with Community

Council Subcommittee approves Bronx Point after initial concerns on affordable housing and workers compensation. On September 18, 2019, City Council’s Subcommittee on Landmarks, Public Siting and Maritime Uses unanimously approved the Department of Housing Preservation and Development’s UDAAP application to facilitate the creation of “Bronx Point.” The project proposes 1,045 housing units, 540 of which dedicated to permanently affordable housing, a waterfront esplanade, and community facilities including a new state-of-the-art movie theater and a Universal … <Read More>


[UPDATE]: City Council Approves HPD Proposal to Develop Affordable Housing in Brownsville, Brooklyn

The three sites will have amenities for residents and are transit accessible. On September 25, 2019, the City Council voted to approve an application to develop affordable housing on three City-owned properties located in Brownsville, Brooklyn.  The properties are located at 47 New Lots Avenue, 609-615 Osborn Street, and 120-122 Liberty Avenue. The three properties are small, underutilized sites and are currently vacant. The application proposed the development of two residential buildings and one mixed-use … <Read More>


City Council Approves Tax Exemption to Preserve Affordable Housing

Dean Atlantic HDFC received property tax exemption for seven buildings.  On August 21, 2014, the City Council voted 47-0 to approve an Article XI property tax exemption on seven buildings owned by the Dean Atlantic Housing Development Finance Corporation.  The Department of Housing Preservation and Development requested the exemption from the City Council on Dean Atlantic’s behalf.  The buildings are all in Brooklyn Community Board 16, covering the Ocean Hill and Brownsville communities.  Six … <Read More>