On August 8, 2018, the City Council approved the Inwood Neighborhood Rezoning amidst resident concerns and disapproval. Mayor Bill de Blasio and Council Member Ydanis Rodriguez celebrated the rezoning approval. The rezoning was developed over the course of three years and affects 59 city blocks in the northern Manhattan neighborhood. The Economic Development Corporation, together with the Department of Housing Preservation and Development, the Department of Citywide Administrative Services, and the Department of Small Business … <Read More>
Search Results for: Capital Investment
Construction Begins On Renovation of Upper East Side Community Center
Senior center and youth center in NYCHA housing will have kitchen and bathrooms upgraded. On June 8, 2018, City Council Member Ben Kallos, together with the New York City Housing Authority, announced the start of renovations and upgrades for the Stanley M. Isaacs Neighborhood Center. The Isaacs Center is located in Holmes Towers at 415 East 93rd Street. Construction is expected to be completed by February 2019 and full completion and use of the … <Read More>
Construction Begins On Mixed-Use Development In Bronx
One hundred percent affordable buildings will rise in the South Bronx. On April 20, 2018, construction began on two new buildings at La Central in the Bronx. The 1.2 million square-foot development is one of the largest mixed-income projects currently in development in the City. The buildings will be located at 556 and 600 Bergen Avenue.
Mayor Completes Phase One Of Roof Rehabilitation For NYCHA Developments
Roof rehabilitations are part of the de Blasio administration’s plan to improve NYCHA’s physical infrastructure and safety. On April 5, 2018, Mayor Bill de Blasio announced that the roofs at 65 NYCHA buildings have been completely replaced as part of the Mayor’s plan to replace the roofs of NYCHA buildings. Mayor de Blasio has invested $1.3 billion so far to repair 950 roofs of NYCHA buildings. The new roofs will reduce mold on NYCHA buildings … <Read More>
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.
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.