Rendering of the Atrium, one of the two new senior affordable housing developments recently secured by NYCHA, HPD and HDC. Image Credit: HDP

Both buildings offer a variety of enrichment opportunities and support for seniors. On July 2, 2021, the Department of Housing Preservation and Development (HPD), the New York City Housing Authority (NYCHA) and the New York City Housing Development Corporation (HDC) finalized two deals to secure 393 new affordable senior housing units to the Soundview neighborhood in the Bronx and the Bedford-Stuyvesant neighborhood in Brooklyn. (read more…)

Rendering of the Eliza. Image Credit: HPD

The new Eliza project will bring 174 affordable homes and a state-of-the-art public library to the Inwood community. On June 10, 2021, the Department of Housing Preservation and Development announced the Eliza, a mixed use development featuring affordable housing and a public library, and education space, located at 4790 Broadway in Inwood. The project has been fully financed and is moving forward. (read more…)

Homeowner Cathie Wright-Lewis received a $50,000 no-interest, forgivable loan through the HomeFix program to make critical repairs to her Canarsie home. Image Credit: NYC HPD

The HomeFix project helps to provide affordable financing and loans in order to help family homeowners make necessary repairs. On May 10, 2021, the New York City Department of Housing Preservation and Development announced the first rehabilitation project completed by the HomeFix project. The HomeFix project is a program that provides affordable financing for essential home repairs in small family-owned properties located across New York City. (read more…)

The development team and agency officials break ground on Compass Six in West Farms. Image Credit: NYC HPD

The new affordable housing development will house 261 low-income and formerly homeless  families. On March 19, 2021, Mayor de Blasio and the Department of Housing Preservation and Development announced the groundbreaking of a new affordable housing building in the West Farms section of the Bronx. The building, named Compass Six, is located at 1923 West Farms Road. Compass Six is part of the Compass Resident Development, which will consist of eight buildings and be one of the largest-scale affordable housing developments in the area once completed. The groundbreaking of Compass Six marks the beginning of the final phase of development for the Compass Residence project. (read more…)

Image Credit: NYC HPD

The newly revised design guidelines will promote equity, health, and sustainability for affordable housing. On March 4, 2021, the Department of Housing Preservation and Development released newly revised design guidelines for affordable housing. The COVID-19 pandemic led the Department of Housing Preservation and Development to have stronger requirements to improve the standard of living, promote public health, and reduce the carbon footprint of New York City. (read more…)