On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>
Search Results for: Citywide
HPD Announces Historically Low Rental Vacancy Rate
On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running … <Read More>
HPD Announces Bergen Green Affordable Housing Project in Latest 24 in 24 Push
On January 31, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that Apex Building Group and Bridge Street Development Corporation will be building 116 homes for low-income families at 516 Bergen Street in Prospect Heights, Brooklyn. The announcement comes in light of Mayor Adams’ push for affordable housing advancements on publicly owned land. Mayor Adam’s 24 in 24 plan is seeking to create or preserve around 12,000 units of housing … <Read More>
HPD Launches Month-Long Affordable Housing Push with Over 500 Units Planned at Inwood Waterfront Site
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>
HPD Relaunches HPD Online Site to Provide More Transparency for New Yorkers
On November 20, 2023, the Department of Housing Preservation and Development announced the relaunch of HPD Online, the agency’s platform for tenants, owners, and advocates to access information about where they live.
City Commits $3.1 Million Over Four Years to Combat Source of Income Discrimination
On March 2, 2023, the Department of Housing Preservation and Development announced that$3.1 million will go towards efforts to combat source-of-income discrimination for New Yorkers who rely on rental assistance. Source-of-income discrimination is an illegal practice by landlords, owners, and real estate brokers who refuse to rent to current or prospective tenants seeking to pay for housing with vouchers, subsidies, or other public assistance.