On April 3, 2024, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, elected officials and project partners celebrated the opening of 35 Commercial Street, a new affordable residential development that is part of Greenpoint Landing in Brooklyn. Greenpoint Landing is a 22-acre site along the East River waterfront that is being master-planned and developed by Park Tower Group, and is expected to have 5,500 total residential units once completed.
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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.
HPD Announces New Apartment and Theater in Mott Haven as Part of “24 in 24” Initiative
On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>
HPD Announces Historically Low Rental Vacancy Rate
On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running … <Read More>
HPD Fines Landlord $150K for Failure to Comply With Lead Laws
On January 10, 2024, the New York City Department Housing Preservation and Development (HPD) announced that they obtained civil penalties amounting to $150,000 against Ezriel Weinberger and affiliates for their failure to comply with lead-based paint laws across ten properties. These penalties concern lead-based paint offenses in over 790 units located across the Bronx and Manhattan. Each property incurred fines of $15,000.
HPD and DSS Announce Pilot Program to Renovate Chronically Vacant Rent Stabilized Units
On December 18, 2023, the Department of Housing Preservation and Development and the Department of Social Services announced the start of a new pilot program that helps New Yorkers move out of shelters and into renovated rent-stabilized apartments. The program, Unlocking Doors, is now accepting applications from owners of rent-stabilized buildings with rental units that need repairs.