At the close of fiscal year 2017, the Mayor’s Administration is ahead of schedule in achieving its goal to build 200,000 affordable homes in 10 years. On July 13, 2017, Mayor Bill de Blasio announced an update on the progress that has been made to achieve the goals set forth in his Housing New York plan, which seeks to build 200,000 affordable homes in 10 years. According to the announcement, the City secured 24,293 affordable … <Read More>
Search Results for: Affordable Housing
One Year Under Mandatory Rules Produces 4,700 Affordable Units
Mayor and City Council celebrate progress in production of affordable housing units since the passage of mandatory affordable rules one year ago. March 22, 2017, marked the one year anniversary of the Mandatory Inclusionary Housing program. The program, which requires developers to include permanently affordable housing whenever a special permit or a rezoning significantly increases the underlying potential residential floor area, has received both praise and chastisement from advocates and Council Members.
City Housing Commissioner Steps Down After Three Years of Progress
Vicki Been stepped down as Commissioner of the Department of Housing Preservation and Development to return to academia. On January 17, 2017, Mayor Bill de Blasio announced that Commissioner Vicki Been would step down to return to teaching at New York University as the Boxer Family Professor of Law and Faculty Director of the Furman Center. Prior to her appointment, Been served as the Director of NYU’s Furman Center for Real Estate and Urban Policy, … <Read More>
New Programs aimed to Help First-time Homeowners
Plan anticipates creating or preserving 20,000 homeownership opportunities by 2026. On December 11, 2017, Mayor Bill de Blasio announced two new programs, Open Door, which aids first-time homeowners buy a condo or coop, and HomeFix, which helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years. These programs are part of the Mayor’s 300,000 affordable housing plan.
Mayor Urges Emissions Reductions for Existing Buildings
Mayor Bill de Blasio calls for emissions reductions by mandating improvements to existing buildings. On June 2, 2017, Mayor Bill de Blasio signed Executive Order No. 26, Climate Action Executive Order, to commit New York City to the principles and goals of the Paris Agreement. On September 14, 2017, the Office of the Mayor announced new mandates on building upgrades to implement the executive order. According to the Mayor’s press release, these mandates … <Read More>
Mayor Pushes New Plan to Combat Homelessness
Mayor’s new homelessness plan includes broad reforms in current systems and the replacement of 360 shelter cluster sites with 90 new shelters citywide. On February 28, 2017, the Mayor’s Office released a 128-page report entitled “Turning the Tide on Homelessness.” The report outlines the steps the administration will take going forward to better combat the rising homeless crisis in New York City.