Image Credit: NYC HPD

The newly revised design guidelines will promote equity, health, and sustainability for affordable housing. On March 4, 2021, the Department of Housing Preservation and Development released newly revised design guidelines for affordable housing. The COVID-19 pandemic led the Department of Housing Preservation and Development to have stronger requirements to improve the standard of living, promote public health, and reduce the carbon footprint of New York City. (more…)

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Rendering of the two proposed buildings, a hotel (white building on the left) and a residential building (orange and brown building on the right). Image Credit: NYC CPC

The proposed hotel would be located near several cultural, academic and medical institutions within the Bronx. On March 3, 2021, the City Planning Commission held a public hearing for an application to build a hotel and a residential building on East 188th Street between Arthur Avenue and Hughes Avenue. Currently, the site consists of low-density residential and commercial buildings and a funeral home; none of the residential units are currently rent stabilized, and the commercial tenants are being assisted in relocating.  (more…)

The Fountains. Image Credit: NYC HPD

Project will result in 1,163 affordable homes. On October 20, 2020 Governor Andrew M. Cuomo announced the completion of the initial phase of the Fountains of Brooklyn project that is being constructed on the site of the State’s former Brooklyn Developmental Center in East New York, which closed in 2015. This project is a 6.7-acre mixed-use complex that will ultimately offer 1,163 affordable homes. The first two completed buildings of the project will include 332 affordable apartments and supportive services for individuals with intellectual and development disabilities so these individuals can live independently. (more…)

Mayor Bill de Blasio. Image credit: CityLand

$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, following the COVID-19 pandemic and the need to support the ongoing recovery efforts, the Department moved these funds back to Fiscal Year 2021. After this shift, the City would have invested $1.4 billion in affordable housing this year. This funding acceleration keeps the Housing New York project on track to create and preserve 300,000 affordable homes by 2026. (more…)