HPD Commissioner Carrión joins the groundbreaking ceremony for the Mount Hope Walton Apartments. Image Credit: HPD.

The $55 million mixed-use development in Mount Hope will house 103 low-income and formerly homeless New Yorkers. On July 20, 2022, NYC Mayor Eric Adams and New York Governor Kathy Hochul announced the beginning of construction on an affordable housing development in Mount Hope, Bronx. The new building will be adjacent to the existing Mount Hope Community Center on Walton Avenue. (more…)

Image Credit: NYC HPD

On May 17, 2022, the Department of Housing Preservation and Development (HPD) released some initial results of the 2021 New York City Housing and Vacancy Survey. The survey is the official source of the city’s net rental vacancy rate, which is used to determine the continued need for rent stabilization. From its start in 1965, the survey is the longest running housing survey in the United States.  (more…)

Image Credit: NYC HPD

The program offers up to a $100,000 forgivable loan to cover down portions of down payments or closing costs. On October 4, 2021, the Department of Housing Preservation and Development announced the first expansion of its “HomeFirst” Down Payment Assistance Program. The “HomeFirst” Program offers financial assistance in the form of a forgivable loan for first-time homebuyers in purchasing a home in New York City by helping cover portions of down payments or closing costs. (more…)

90-60 179th Place, one of the four impacted properties, had over 20 lead-based paint violations. Image Credit: Google Maps.

The four impacted buildings have over 200 households. On August 19, 2021, the Department of Housing Preservation and Development announced a settlement agreement with a building owner for the correction of lead-based paint violations across four buildings in the Bronx and Queens. The four buildings are 1585 White Plains Road and 58 East 190th Street in the Bronx, and 90-60 179th Place and 150-02 88th Avenue in Queens. The building owner, Ved Parkash, will be responsible for correcting the violations under an Order to Correct by August 29th and must pay $60,000 in civil penalties for violations under Local Law 1 of 2004.  (more…)

Rendering of future senior affordable housing development at 31-07 31st Street in Astoria. Image Credit: HPD

The development is next to a subway station and local retail and grocery stores. On January 13, 2021, the New York City Department of Housing Preservation and Development announced the development team for an affordable senior housing development at 31-07 31st Street in Astoria, Queens. The development will be mixed-use, with 100 percent affordable housing for seniors, a community center and commercial space. The site is currently a city-owned parking lot for the Department of Transportation.  (more…)