Rendering of Sendero Verde. Image Credit: HPD/Handel Architects
The project will be financed under an HPD program that requires low and extremely low-income affordability and set-asides for the formerly homeless. On June 27, 2019, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC,) L+M Development Partners, Jonathan Rose Companies, and Acacia Network announced finalized plans for the first stage of development of Sendero Verde in East Harlem in Manhattan. The site is located on 111th Street, bounded by 112th Street, Park Avenue, and Madison Avenue. The $223 million first phase of the project will be 100 percent affordable and will include 361 residential units, a new school, and an 18,000 square-foot publicly accessible courtyard featuring a children’s play area, seating areas, adult outdoor exercise equipment, and a stage for community events. (read more…)
Louise Carroll is the new Commissioner of HPD. Image Credit: Mayor’s Office/Twitter
Carroll previously worked with HPD on housing incentives. On May 2, 2019, Mayor Bill de Blasio announced Louise Carroll as the new Commissioner of the Department of Housing Preservation and Development. Carroll, whose career in public service includes prior work with HPD to protect tenants, will work on preservation to avoid tenant displacement and work with the Mayor’s Office to Protect Tenants. (read more…)
Image Credit: CetraRuddy/S9Architects/HPD
The new buildings will provide affordable housing, space for businesses, and social services from partnering non-profits in the Clinton/Hell’s Kitchen community. On February 13, 2019, Department of Housing Preservation and Development Commissioner Maria Torres-Springer announced the selection of development teams to build approximately 260 affordable housing units on two City-owned sites in the Clinton and Hell’s Kitchen neighborhoods of Midtown Manhattan. The sites were identified for development into affordable housing through the Hudson Yards Plan, a comprehensive proposal to develop Manhattan’s Far West side. The two developments were approved following HPD’s Clinton/Hell’s Kitchen request for proposal (RFP) for the two sites. One building will be located at 806 9th Avenue (the Ninth Avenue site) and the other building will be located at 705 10th Avenue (the Tenth Avenue site).
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Image Credit: GF55 Partners/HPD
The new building will have a variety of amenities and 111 parking spaces for residents. On February 12, 2019, HPD and HDC announced the completion of Alvista Towers, a 380-unit, affordable housing development in Jamaica, Queens. City agencies and private sector firms came together to develop this project as part of the City’s affordable housing initiative. The involved parties were the Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC), Council Member I. Daneek Miller, the Greater Jamaica Development Corporation, Phoenix Realty Group, Goldman Sachs, Wells Fargo, Settlement Housing Fund, the New York City Housing Partnership, and Artimus as the developer of the project. The development was the result of the Special Downtown Jamaica Rezoning, which was adopted by the City in 2007 to foster transit-oriented development in Jamaica.
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Image Credit: Magnusson Architecture and Planning/HPD
The shared-use building is expected to be completed in December 2020. On February 6, 2019, the Department of Housing Preservation and Development Commissioner Maria Torres-Springer announced that HPD is joining Fifth Avenue Committee, Inc., Brooklyn Public Library, and New York State Homes and Community Renewal in bringing a new, first of its kind, shared-use model building to Sunset Park, Brooklyn. The eight-story building will house both Sunset Park’s new state-of-the-art public library and 49 deeply affordable apartments. The project was financed through $35.5 million in public and private investment.
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