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    Department of Housing Preservation & Development

    City Announces Start of Construction for 103 Affordable Unit Development in Mount Hope

    Affordable Housing  •  Mount Hope, Bronx

    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. (read more…)

    Date:08/09/2022
    Category : Department of Housing Preservation & Development
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    HPD Celebrates Grand Opening of 100 Percent Affordable Housing Development in Cypress Hills

    Affordable Housing  •  Cypress Hills, Brooklyn

    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. (read more…)

    Date:06/20/2022
    Category : Department of Housing Preservation & Development
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    City and State Officials Celebrate Groundbreaking of New Mixed-Use Affordable Development in Brownsville

    Affordable Housing  •  Brownsville, Brooklyn

    Rendering of Bridge Rockaway. Image Credit: HPD.

    On May 17, 2022, City and State officials joined the development team of non-profit The Bridge, Greenpoint Manufacturing and Design Center, and Mega Development for the ground breaking of Bridge Rockaway, a new mixed-use affordable housing development in Brownsville, Brooklyn.  (read more…)

    Date:05/25/2022
    Category : Department of Housing Preservation & Development
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    HPD Releases Initial Results of 2021 Housing and Vacancy Survey

    Housing  •  Citywide

    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.  (read more…)

    Date:05/19/2022
    Category : Department of Housing Preservation & Development
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    HPD Announces Plans for Affordable Senior Housing in Morrisania

    Senior Housing  •  Morrisania, Bronx

    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. (read more…)

    Date:05/09/2022
    Category : Department of Housing Preservation & Development
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