First Phase of 700-Unit Affordable and Sustainable Development Project in East Harlem Announced

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, … <Read More>


669 Affordable Units Preserved in New York City Neighborhoods

Preservation of Section 8 properties will prevent conversion to market-rate housing. On August 15, 2018, the Housing Preservation and Development, the Housing Development Corporation, and the LIHC Investment Group announced the preservation of 669 units of project-based Section 8 housing in high-cost City neighborhoods where similar buildings have been converted to market-rate housing.