The Mayor’s Administration moves to deepen affordability of housing for lowest-income families and to aid more senior citizens. On February 10, 2017, Mayor Bill de Blasio announced two new housing initiatives to help seniors, veterans and families who are suffering the most from the housing crisis. The Mayor intends to increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000 a year. Of those additional 10,000, the Mayor … <Read More>
Search Results for: Affordable Housing
CPC Holds Hearings on Four New Affordable Housing Developments
The City Planning Commission heard testimony on four developments, containing 224 units, to be 100 percent affordable housing for at least 30 years. On January 10, 2017, the City Planning Commission held hearings on four Department of Housing Preservation and Development applications to dispose of city-owned properties in order to facilitate four new housing developments. Each development—three in Harlem and one in Sunset Park—will contain varying levels of affordability under HPD loan structures.
New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>
Developer Withdraws Proposal Following Public Controversy over Affordable Housing
Phipps Houses withdrew its application for its ten-story, Barnett Avenue development following a lack of community support. On September 20, 2016, Phipps Houses, the oldest and largest not-for-profit developer of affordable housing in New York City, withdrew its Barnett Avenue development proposal—the day before its scheduled public hearing in front of the City Council’s Subcommittee on Zoning and Franchises. Phipps Houses had sought a zoning map change and two zoning text amendments to … <Read More>
City Council Rejects Proposed Rezoning of Inwood Site Needed for New Development with 50 Percent Affordable Housing
City Council rejected the first private application of Mandatory Inclusionary Housing. On August 16, 2016, the City Council rejected a proposal to rezone a large corner lot in order to construct a new mixed-use development located at 4650 Broadway in Manhattan’s Inwood neighborhood. Currently a two-story commercial building operating as a parking garage and U-Haul truck rental facility occupies the site. The original proposal from the developer, Acadia Sherman Avenue LLC, was to build a … <Read More>
City Planning Approves New Through-Block Building, Without Affordable Housing
City Planning Commission declined to apply Mandatory Inclusionary Housing to proposed West Side development, despite strong support from community. On August 15, 2016, the City Planning Commission approved a special permit to construct a new mixed-use development located at 38–42 West 18th Street in Midtown Manhattan on the West Side. This proposal is the third development project approved by the City for the site. The first approval was in 2001 and the second in 2008; … <Read More>