On May 1, 2025, Governor Kathy Hochul celebrated the completion of The Rise, a new affordable and supportive housing development in Brownsville, Brooklyn. The project is located on “Site J” of New York State Homes and Community Renewal’s Vital Brooklyn Initiative, a community development initiative for Central Brooklyn that aims to address local social, economic, and health disparities.
Governor
Governor Announces $16.5 Million Investment for Decarbonizing NYC Affordable Housing
On August 19, 2024, Governor Kathy Hochul announced the $16.5 million contribution to decarbonize and improve existing affordable housing in New York City through the Resilient and Equitable Decarbonization Initiative for Existing Buildings (REDi: EB) Program. This program is administered New York City Department of Housing Preservation and Development in partnership with the New York State Energy Research and Development Authority (NYSERDA). This program is funded through the State’s Clean Energy Fund (CEF).
Governor Reveals Proposal for Affordable Housing Transformation of Former Bayview Correctional Facility Site
On July 22, 2024, Governor Kathy Hochul announced the proposal for Liberty Landing, a project to convert the former Bayview Correctional Facility in the Chelsea neighborhood of Manhattan into a multi-faceted community hub. The hub would include a community facility unit and an affordable housing residence.
Governor Announces Funding for Almost 1,100 Affordable Homes Statewide, Including Brooklyn and the Bronx
On April 8, 2024, Governor Kathy Hochul announced $412 million in bonds and subsidies to create and preserve nearly 1,100 affordable homes statewide, including four projects in the Bronx and Brooklyn. The awards are part of the Governor’s five-year $25 billion housing plan to preserve or create 100,000 affordable homes statewide with 10,000 supportive homes.
Governor Announces $514k Settlement Against Landlord for Overcharging Rent
On February 14, 2024, New York State Governor Kathy Hochul announced a settlement of $514,000 by New York State Homes and Community Renewal Tenant Protection Unit (TPU) against Manhattan landlord Steven Croman of Centennial Properties for unlawfully defrauding renters. Croman was found guilty of engaging in a scheme to lease regulated units for less than one or two years which in turn made apartments unavailable for New Yorkers in search of safe, stable housing. The … <Read More>
Governor Celebrates Opening of 96-Unit All-Electric Affordable Housing Development in Fordham Heights
On November 3, 2023, Governor Kathy Hochul announced the completion of a new all-electric affordable and supportive housing development in the Fordham Heights neighborhood of the Bronx. The housing development, named the 2050 Grand Concourse, was awarded funding from the State’s Buildings of Excellence Competition. The aim of the Competition was to advance zero-carbon multifamily buildings in the State.