The project will be financed under an HPD program that requires low and extremely low income affordability and set-asides for the formerly homeless. On March 27, 2019, the City Planning Commission voted to approve an application that will bring a 14-story affordable mixed-use development with 235 residential units to 1921 Atlantic Avenue in the Bedford/Stuyvesant neighborhood of Brooklyn. The application was brought by the Department of Housing Preservation and Development in conjunction with DTF Atlantic, … <Read More>
Search Results for: HPD
HPD Announces Program To Allocate Funds to Nonprofits for Vacant Property Development
The City estimates the program will assist in the acquisition of approximately 35 vacant sites over the next five years. On March 8, 2019, the New York City Department of Housing Preservation and Development announced a new program to advance the process for affordable housing development by providing loans for upfront costs to nonprofit developers. The New York City Down Payment Assistance Fund (DPAF) seeks to speed up the development process for affordable housing by … <Read More>
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 Announces Plans for Two Mixed-Use Affordable Housing Developments on City-Owned Sites in Clinton/Hell’s Kitchen
The new buildings will provide affordable housing, space for businesses, and social services from partnering non-profits in the Clinton/Hell’s Kitchen community. On February 13, 2019, Department of Housing Preservation and Development Commissioner Maria Torres-Springer announced the selection of development teams to build approximately 260 affordable housing units on two City-owned sites in the Clinton and Hell’s Kitchen neighborhoods of Midtown Manhattan. The sites were identified for development into affordable housing through the Hudson Yards Plan… <Read More>
HPD Seeks Urban Development Action Area Designation for Two City-Owned Properties in East Village
Approval of the proposed project will provide housing to families that have been displaced for over ten years. On December 5, 2018, the City Planning Commission heard an application that would allow for the demolition of existing buildings on two City-owned lots and development of ten co-operative units at 204 Avenue A and eleven one-bedroom rental units at 535 East 12th Street in Manhattan. The lots are located on the same block in the … <Read More>