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>
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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 Announces Conversion of Former JFK Hotel to Affordable and Supportive Housing
On December 18, 2023, the Department of Housing Preservation and Development and project partners announced a plan to transform the former JFK Hilton Hotel into permanently affordable housing. The project, Baisley Pond Park Residence, will provide housing for low-income and formerly homeless New Yorkers in South Jamaica, Queens.
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 Announces Affordable Housing Credit Checks No Longer Needed for Tenants Using Rental Assistance Vouchers
On October 5, 2023, Mayor Eric Adams, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) announced that households using housing vouchers will no longer have their credit checked during the process of affordable housing selection. A renter who is using rental assistance vouchers is guaranteed to pay rent either through a rental subsidy which they are qualified for or connected to the affordable unit. It is an unnecessary and … <Read More>
HPD Announces New Affordable Senior Housing in Crown Heights
On June 22, 2023, the Department of Housing Preservation and Development (HPD), New York City Housing Authority (NYCHA), and the Housing Development Corporation (HDC) announced plans to develop 200 affordable senior homes in Crown Heights, Brooklyn. The project, called Weeksvillage, will be developed by CAMBA Housing Ventures (CHV) on underutilized NYCHA land within the Kingsborough Houses campus.