The South Bronx development will include approximately 80 new affordable homes and a building designed to withstand climate change. On August 18, 2022, the Department of Housing Preservation and Development (HPD) began accepting proposals to build an 100 percent affordable, climate resilient housing project in Mott Haven, Bronx. Located on an undeveloped stretch of 351 Powers Avenue, the finished project will include approximately 80 new affordable homes.
Search Results for: Affordable Housing
HPD Announces Partners for Two Senior Affordable Housing Projects in the Bronx and Brooklyn
There will be over 350 affordable units for seniors between the two projects. On March 11, 2019, the Department of Housing Preservation and Development (HPD) and the New York City Housing Authority (NYCHA) announced the selection of partners for the development of two 100 percent senior affordable housing projects in the Bronx and Brooklyn. The projects are a part of HPD’s Senior First strategy, a three-prong strategy to ensure safe and affordable housing for seniors … <Read More>
HPD Announces Modular Affordable Housing in East New York
The program will create studio to four bedroom homes for low income and formerly homeless individuals. On March 4, 2019, the Department of Housing Preservation and Development (HPD) announced plans to develop 167 affordable units on City-owned land in East New York. The program is being developed by a team led by Thorobird Companies along with nonprofit partner Bangladeshi American Community Development and Youth Services (BACDYS) and will have a unique modular design to hold … <Read More>
HPD Proposes to Implement Extension of Existing 421-a Affordable Housing Tax Abatement Program
The “421-a Extended Affordability Program Rules” would provide a 10 to 15 year extension to eligible buildings enrolled in the program prior to its expiration. On March 14, 2016, the Department of Housing Preservation and Development proposed two agency rules to extend the 421-a real property tax exemption program for those who already had been benefiting from the program prior to its expiration in June 2015. The State authorized HPD to promulgate the new rules … <Read More>
New Affordable Housing for Artists Open for Application
Former public school has been transformed into affordable housing complex for artists. Artspace P.S. 109 is a 90-unit affordable housing complex that formerly served as an underutilized school building located in 215 East 99th Street in East Harlem, Manhattan. P.S 109 is an 1898 Gothic Revival-style structure that is also listed on the National Register of Historic Places.
HPD Announces Addition of Over 1,200 Affordable Units Through Completed Projects and Projects In Development
The addition furthers the City’s goal of financing 200,000 affordable households by the end of the de Blasio administration. On December 3, 2021, the Department of Housing Preservation and Development (HPD) announced the creation of an additional 1,221 affordable homes between two completed projects in Queens and two projects that have broken ground in the Bronx and Brooklyn.