On April 8, 2024, Governor Kathy Hochul announced $412 million in bonds and subsidies to create and preserve nearly 1,100 affordable homes statewide, including four projects in the Bronx and Brooklyn. The awards are part of the Governor’s five-year $25 billion housing plan to preserve or create 100,000 affordable homes statewide with 10,000 supportive homes.
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City Council Invites New Yorkers to Vote for Participatory Budget Projects Through April 14th
Through Sunday, April 14, 2024, the City Council welcomes New Yorkers to vote during Participatory Budgeting Vote Week to determine how $24 million in capital funding from the Fiscal Year 2025 budget will be spent among 24 Council districts. Participatory budgeting funds focus on improving public spaces like schools, parks, and libraries or helping beautify city streets.
HPD Celebrates Opening of 375 Affordable Unit Development in Greenpoint
On April 3, 2024, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, elected officials and project partners celebrated the opening of 35 Commercial Street, a new affordable residential development that is part of Greenpoint Landing in Brooklyn. Greenpoint Landing is a 22-acre site along the East River waterfront that is being master-planned and developed by Park Tower Group, and is expected to have 5,500 total residential units once completed.
Small Business Services Launches Grant Program to Help Small Businesses Purchase Resiliency Protection, Disaster Risk Assessment
On April 2, 2024, the Department of Small Business Services announced a new grant program to support small businesses in dealing with natural disasters. The Business Preparedness and Resiliency Program will offer free risk assessments to identify vulnerabilities and issue grants of up to $5,000 for small business owners and commercial property owners to use for infrastructure protection or upgrades, like generators or flood barriers.
City Council Approves Multiple Land Use Applications for Almost 1,000 New Apartments
On March 19, 2024, the City Council voted to approve multiple land use applications in Yorkville, Manhattan, and Brownsville and Williamsburg in Brooklyn.
DOT Announces New Rules to Allow E-Cargo Bikes as More Sustainable Delivery Option
On March 27, 2024, the New York City Department of Transportation announced that e-cargo bikes are now authorized for use on city streets and established safety standards through new agency rules. The e-cargo bikes will provide a more sustainable and safer option for deliveries by helping reduce the number of large delivery trucks needed citywide.