HPD and NYCHA Announce Deal to Construct 101 Units of Affordable Housing in the Bronx

Supportive services will be offered to all households. On September 28, 2021, the New York City Housing Authority (NYCHA) and the Department of Housing Preservation and Development (HPD) announced the finalization of a deal to bring 101 new affordable apartments to the Mott Haven neighborhood in the Bronx. The Betances Family Apartments project, located at the corner of East 146th Street and Willis Avenue on NYCHA’s Betances VI campus, will be 100 percent affordable. The <Read More>



State Legislature Passes Law to Fund Hotel and Office Conversion to Affordable Housing

The properties will be owned, operated and managed by selected nonprofit organizations. On June 9, 2020, the New York State Senate and Assembly passed the Housing Our Neighbors with Dignity Act. The Bill, sponsored by Deputy Majority Leader Michael Gianaris and Assemblymember Karines Reyes, allows New York State to partner with nonprofit organizations to finance the acquisition and conversion of distressed hotels and commercial office space into affordable housing.


City Council Passes Legislation in Increase Value of Rental Assistance Vouchers

The increased voucher amounts help take advantage of decreased rents. On May 27, 2021, the New York City Council passed legislation that increases the number of apartments available to homeless New Yorkers and helps move more New Yorkers out of shelters and into permanent housing.  The legislation, titled Int. 146-C, requires the City to pay higher rates to homeless New Yorkers receiving rental assistance vouchers and eliminates the program’s previous five-year cap for vouchers. … <Read More>