Borough President Diaz proposes new policy to prevent homelessness and displacement of tenants of preferential rent units. On December 13, 2018, Bronx Borough President Ruben Diaz, Jr. issued a report titled “The Preferential Rent Crisis in New York City.” The report examines the scope of the preferential rent issue in all five boroughs and the risk tenants of preferential rent apartments face should landlords increase their rents to the legal registered rent for those units. … <Read More>
Search Results for: Housing
Mayor Announces NYCHA 2.0 Plan to Renovate and Preserve Public Housing
The plan will be divided into three programs to address the $24 billion in capital need for repairs and renovations. On December 12, 2018, Mayor Bill de Blasio announced a comprehensive plan named NYCHA 2.0 to renovate and preserve NYCHA housing, aimed to resolving $24 billion in vital repairs. NYCHA 2.0 is a ten-year plan that will deliver renovations for 175,000 residents, fund essential capital repairs across the rest of NYCHA’s portfolio, and launch new … <Read More>
City Planning Hears Application for Senior-Tailored Housing in Queens
Thirty-four affordable apartments for seniors will be created if the project is approved. On December 5, 2018, the City Planning Commission heard an application for the construction of two buildings off Douglaston Parkway in the Douglaston section of Queens. If approved, the buildings will be constructed at 241-15 Northern Boulevard and 43-80 Douglaston Parkway. Lisa Orrantia of Akerman LLP presented the application on behalf of 241-15 Northern LLC and North Shore Realty Group Corp.
Comptroller’s Report Shows Scope of City’s Affordable Housing Crisis
The report closes in on housing needs for low- and extremely low-income households and proposes four initiatives on how to provide affordable housing for these households. On November 28, 2018, New York City Comptroller Scott M. Stringer released its NYC for All: The Housing We Need report showing the scope of the City’s affordable housing crisis. According to the report, the city’s population grew nearly half a million between 2009 and 2017 and city employment … <Read More>
Construction Begins at The Doe Fund’s New Bronx Affordable and Supportive Housing Development
The development will provide onsite supportive services for residents. On December 7, 2018, The Doe Fund broke ground at 3188 Villa Avenue, located in the Bedford Park/Special Grand Concourse District of the Bronx to begin construction of a 68-unit affordable and supportive housing development. The Doe Fund is partnering with Chase Community Development Banking to finance the construction, as well as the Department of Housing Preservation and Development, NYCHA, the Corporation for Supportive Housing, and … <Read More>
City to Acquire and Convert Nearly 500 Cluster Units into Affordable Housing
The new affordable housing is part of the de Blasio Administration’s efforts to end cluster site program. On December 4, 2018, Mayor Bill de Blasio announced the progress made by the City for the acquisition and conversion of nearly 500 cluster units across 17 buildings into permanently affordable housing. The City’s plan is part of the administration’s initiative to address the homelessness crisis in New York City and is projected to provide housing for over … <Read More>