The ribbon cutting at Gotham Point. Image Credit: Ed Lederman/HPD.
On November 15, 2022, City agency and elected officials joined the Gotham Organization for the announcement of the completion of Gotham Point, a new housing development in Long Island City. The North Tower, the final part of the development, is located at 1-15 57th Avenue. (more…)
Image Credit: HPD.
On October 7, 2022, the Department of Housing Preservation and Development joined City officials and community members to celebrate the opening of the Bishop Rene A. Valero Senior Residence at 23-11 31st Road in Astoria, Queens. The facility was developed by Catholic Charities Progress of Peoples Development Corporation, the affordable housing branch of Catholic Charities Brooklyn and Queens. (more…)
50 Penn is a new 100 percent affordable development in Cypress Hills, Brooklyn. Image Credit: HPD.
The mixed-use, nine-story “50 Penn” building in Brooklyn will provide both housing and additional supports. On June 9, 2022, the Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC), developer PennRose, and the Riseboro Community Partnership celebrated the grand opening of the “50 Penn” housing development in Cypress Hills, Brooklyn. The 218-unit building addresses key priorities in the East New York Neighborhood Plan, such as affordable housing and access to fresh food. While the building was financed through HPD and HDC, Pennrose was the project’s lead developer and RiseBoro will provide on-site property management. (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…)
Rendering of Sol on Park. Image Credit: HPD.
On May 5, 2022, the Department of Housing PReservation and Development (HPD), the New York City Housing Authority (NYCHA) and the New York City Housing Development Corporation (HDC) announced plans for a new development to provide affordable housing for seniors in the Morrisania section of the Bronx. The Sol on Park development will be located on the corner of St. Paul’s Place and Park Avenue within the Morris II public housing development. Sol on Park’s theme is “housing is health; health is housing,” which incorporates and promotes health lifestyles in the development’s design and features. The development team consists of NRP Group, Foxy Management, and Selfhelp Realty Group, along with Magnusson Architecture and Planning. (more…)
