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.
Three-City owned sites will be developed to provide affordable housing, art and media centers, and commercial space. On July 26, 2018, the Department of Housing Preservation and Development announced plans for nearly 900 affordable homes in Brownsville, Brooklyn. This announcement updates the commitments made in the Brownsville Plan, which originally included building 880 units on three-City owned sites and infrastructure upgrades. According to HPD, the Plan is the result of a community-driven process to … <Read More>
Project will provide large number of affordable housing to recently rezoned neighborhood. On July 11, 2018, Mayor Bill de Blasio and Council Member Donovan Richards announced the two projects in the Downtown Far Rockaway area that will create over 670 units of affordable housing following the Downtown Far Rockaway rezoning approval ten months ago. The project is also being led by the New York City Economic Development Corporation, Department of Housing Preservation and Development, Housing … <Read More>
City will use the modular construction method to reduce costs and construction time. On May 23, 2018, Housing Preservation & Development announced a Request for Proposals for the design, construction, and management of the new 100% affordable mixed-income and mixed-use development in East New York, Brooklyn. The City-owned project site is an L-shaped parcel of 49,397 square-feet along Eldert Lane between Pitkin and Glenmore Avenues. A portion of the site is also located along Grant … <Read More>
Program seeks to keep aging tenants in their homes. On April 30, 2018, the Housing Preservation & Development Commission announced a new preservation program tool named Aging in Place. The program will offer apartment and common area modifications to residents of buildings undergoing City financed rehabilitation. The modifications aim to increase safety and comfort in the home and reduce risks of falls. The program was created in collaboration with the Department of Health and … <Read More>
One hundred percent affordable buildings will rise in the South Bronx. On April 20, 2018, construction began on two new buildings at La Central in the Bronx. The 1.2 million square-foot development is one of the largest mixed-income projects currently in development in the City. The buildings will be located at 556 and 600 Bergen Avenue.