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    Housing Preservation & Development

    New Development Will Bring Affordable Co-Op To First Time Home Buyers

    Affordable Housing  •  Williamsbridge, Bronx

    NYC HPD

    New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program. (read more…)

    Tags : Bronx, co-op, cooperative, Council Member Robert Cornegy, HPD, Maria Torres-Springer, Williamsbridge
    Date:03/15/2018
    Category : Housing Preservation & Development
    (1) Comment

    New Laws Target Vacant Land as a Tool for Achieving Affordable Housing Goals

    Affordable Housing  •  Citywide

    Mayor Bill de Blasio. Image Credit: New York City Mayoral Photography Office

    New laws focusing on vacant land throughout the City aims at identifying and reporting lots and buildings that could be used for affordable housing. On January 8, 2018, Mayor Bill de Blasio signed two bills into laws that focus on how vacant land, both public and private, across the city could be used to further accelerate the production of affordable housing. The new laws will advance the Mayor’s Housing New York 2.0 plan to build 300,000 affordable homes in the City. The new laws will require the City and Department of Housing Preservation & Development (HPD) to conduct a census-like report on vacant property throughout the City. (read more…)

    Tags : affordable housing, Bill de Blasio, Council Member Ydanis Rodriguez, Department of Housing Preservation and Development, Housing New York, Housing New York 2.0 Plan, Jumanee Williams, Vacant Land
    Date:01/24/2018
    Category : Housing Preservation & Development, Office of the Mayor
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    City to Create Senior Housing and Community Space Despite Strong Opposition

    Affordable Senior Housing  •  Nolita, Manhattan

    Haven Green Rendering. Image Credit: Curtis + Ginsberg Architects.

    Senior affordable housing proposal would build over existing community park and green space. On Friday December 8, 2017, the New York City Housing and Preservation Department announced development plans that will create 121 affordable senior apartments and a community designed public open space in the Nolita neighborhood of Manhattan. Haven Green, an affordable new senior housing development will be affordable to seniors earning between $20,040 and $40,080 and include housing for formerly homeless seniors.

    The site is presently occupied by the Elizabeth Street Garden, bounded by Elizabeth Street to the east, Mott Street to the West, Prince Street to the North and Spring Street to the South. (read more…)

    Tags : Council Member Margaret Chin, Habitat NYC, Housing Development Corporation, Housing New York 2.0 Plan, Maria Torres-Springer, Pennrose Properties, SAGE
    Date:12/13/2017
    Category : Housing Preservation & Development
    (1) Comment

    Succession Rights Granted in Mitchell-Lama Co-op

    Affordable Housing  •  Williamsburg, Brooklyn
    Mitchell-Lama Co-op

    Image Credit: NYCourts.gov

    Downs syndrome grand-nephew sought succession rights to Mitchell-Lama cooperative apartment. On February 3, 2012, the permanent tenant of Lindsay Park Housing Corp., a Mitchell-Lama affordable housing cooperative, died. Following her death, the New York City Department of Housing Preservation and Development ruled that the grand-nephew, Haile King-Rubie, who resided with the deceased did not have succession rights to the apartment. Haile King-Rubie, who has Down syndrome, filed a petition to review this decision. (read more…)

    Tags : Appellate Division Second Department, CityLaw, Mitchell-Lama, The Department of Housing Preservation and Development
    Date:09/19/2016
    Category : Housing Preservation & Development
    (1) Comment

    Appellate Court Orders Trial on Commercial Rental Income Dispute

    Deed Restrictions  •  Upper West Side, Manhattan

    Coops created by an HPD sale of City-owned buildings engaged in dispute over an obligation to share commercial space income. In 2003, the City conveyed 14 buildings, located on the West Side of Manhattan on 87th, 88th, 89th and 95th Streets. The buildings were to be converted Housing Development Fund Corporations (HDFCs), which are low-income residential cooperatives owned by tenant-shareholders . Three of the 14 buildings contained commercial space. Under the City’s conveyance, the City and the 14 buildings entered into an agreement for a portion of the commercial rental income to be paid into a reserve fund, which would be used to the benefit of all 14 buildings. So far, only $5,000 from the commercial rental income has been deposited into the reserve fund.

    (read more…)

    Tags : Department of Housing Preservation and Development, HDFC, Housing Development Fund Corporation, HPD
    Date:08/05/2016
    Category : Housing Preservation & Development
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