The proposed zoning text amendment would facilitate the replacement of sheltered outdoor space with commercial storefronts. On March 30th, 2016, the City Planning Commission held a public hearing on an application submitted by the Alliance for Downtown New York, the NYC Economic Development Corporation, and the Department of City Planning to amend the zoning text regulating Manhattan Community District 1’s Special Lower Manhattan District, which includes property sites located within the area bounded by Pearl … <Read More>
Search Results for: Incentive Program
Rent Stabilization: Preserving Low and Middle-Income Housing
Rent regulation is not a new issue for New York City. But the headlines in June 2015 were far larger and the reactions more contentious than at any time in recent memory. For the first time in its 46-year history, the Rent Guidelines Board decided that there would be no increase in rents for one-year renewals on rent-stabilized apartments; it also limited increases on two year renewals to two-percent. Not surprisingly, tenants hailed the decision … <Read More>
Governor Announces $16.5 Million Investment for Decarbonizing NYC Affordable Housing
On August 19, 2024, Governor Kathy Hochul announced the $16.5 million contribution to decarbonize and improve existing affordable housing in New York City through the Resilient and Equitable Decarbonization Initiative for Existing Buildings (REDi: EB) Program. This program is administered New York City Department of Housing Preservation and Development in partnership with the New York State Energy Research and Development Authority (NYSERDA). This program is funded through the State’s Clean Energy Fund (CEF).
Mayor Issues Executive Order for Agencies to Find Suitable Affordable Housing Locations on City-Owned Properties
On August 21, 2024, New York City Mayor Eric Adams announced the issuance of Executive Order 43, which requires City agencies to review their city-owned and controlled land to determine which sites can be appropriate for potential housing development sites. This order is in response to New York City’s affordable housing crisis. The goal of this executive order is to support the Adam’s administration plan of building 500,000 new homes by 2032.
Governor Announces Completion of 160 Affordable and Supportive Units in Brownsville
The new development is part of an initiative to bring 4,000 affordable units to Central Brooklyn. On November 30, 2022, Governor Kathy Hochul announced the completion of a new affordable and supportive development in Brownsville, Brooklyn. The development, called Vital Brookdale, is located at 535 East 98th Street.
New Hudson Square Business Improvement District Streetscape Unveiled
Hudson Square Business Improvement District was unveiled, marking the completion of the Business Improvement District’s 10-year Master Plan. On July 12, 2022, Mayor Eric Adams alongside the New York City Economic Development Corporation (NYCEDC), the New York City Department of Transportation (DOT), and the Hudson Square Business Improvement District (BID), unveiled the renovated Hudson Street streetscape, marking the completion of the Business Improvement District’s first 10-year Master Plan, Hudson Square is Now, which was … <Read More>