$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, … <Read More>
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City Secures Affordable Housing for Over 16,000 Households
The City has now produced more than 164,000 units or more than 50 percent of the Mayor’s Housing plan to create 300,000 affordable homes by 2026. On April 3, 2020, Housing Preservation and Development announced the preservation of 16,083 affordable homes for New Yorkers.
HPD, HDC, HCR Celebrate Groundbreaking for Stevenson Square Project to Bring 1000 Affordable Units to the Bronx
On March 1, 2024, the New York City Department of Housing Prevention and Development (HPD), New York City Housing Development Corporation (HDC), and the New York State Division of Housing and Community Renewal (HCR) celebrated the groundbreaking for Stevenson Square in the Soundview section of The Bronx. The $1 billion construction project, in conjunction with Camber Property Group, will build affordable homes in furtherance of the ‘Housing Our Neighbors Blueprint’ initiative.
City’s Plus One ADU Pilot Program to Help Homeowners Add Accessory Units to Their Properties
On November 21, 2023, the New York City Department of Housing Preservation and Development announced the launch of the “Plus One ADU” pilot program to help up to fifteen homeowners add accessory dwelling units to their properties.
HPD and NYC Health + Hospitals Celebrate Groundbreaking of New Apartment Building on Woodhull Hospital Campus
On April 27, 2023, the Department of Housing Preservation and Development and NYC Health + Hospitals celebrated the groundbreaking for the Comunilife Throop Residence, a new 93-unit apartment building at 171 Throop Avenue at the NYC Health + Hospitals/Woodhull campus in Brooklyn.
HPD Announces Partners for Development of 360 Affordable Units in Stapleton
The project is in the area of the Bay Street Corridor Plan. On October 13, 2021, the Department of Housing Preservation and Development announced the development team for the Stapleton Site A project. The city-owned site located south of Hannah Street in Stapleton, Staten Island, will be transformed into a mixed-use development with 100 percent affordable housing. The site is currently a vacant lot.