Over 1,380 new affordable apartments were added to Far Rockaway since it was rezoned in 2017. On January 15, 2020, the Department of Housing Preservation and Development announced a new plan to add 793 affordable apartments to revitalize and strengthen neighborhoods in the Downtown Far Rockway area of Queens. Units will be spread across three properties – RadRoc, Beach 21 and Rockaway Village, and will include units set aside for the formerly homeless and individuals … <Read More>
Search Results for: Affordable Housing Financing
HPD Opens City’s First LGBT-Friendly Affordable Senior Housing
The project is a part of NYCHA’s efforts to build 10,000 units of affordable housing over the next decade. On December 17, 2019, the Department of Housing, Preservation and Development (HPD) announced the opening of Stonewall House, a new LGBT-friendly affordable elder housing at 112 St. Edwards Street in Fort Greene, Brooklyn. The project is the first elder housing in both the City and State to be designed as “LGBT-friendly.”
First Phase of 700-Unit Affordable and Sustainable Development Project in East Harlem Announced
The project will be financed under an HPD program that requires low and extremely low-income affordability and set-asides for the formerly homeless. On June 27, 2019, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC,) L+M Development Partners, Jonathan Rose Companies, and Acacia Network announced finalized plans for the first stage of development of Sendero Verde in East Harlem in Manhattan. The site is located on 111th Street, … <Read More>
City Supports Shared Living Housing
HPD launches ShareNYC, a pilot program to help developers finance affordable co-living housing. Co-living housing units supported by the City are headed for New York. On November 1, 2018, the City’s Department of Housing and Preservation and Development announced ShareNYC, an initiative to encourage the development of affordable, shared housing units on privately owned sites with the support of City funds. Developers will be permitted to enter bids for financing which will be provided through … <Read More>
HPD, NYSHCR, Private Developers and Others Announce Opening of New 135-Unit Affordable Kingsbridge Heights Development
The newly-constructed $70.5 million housing project is affordable, energy efficient, and provides housing and supportive services to formerly homeless families. On May 22, 2019, the New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas, Deputy Mayor for Housing Vicki Been, Department of Housing Preservation and Development Commissioner Louise Carroll, B&B Urban, L+M Development Partners and the Center for Urban Community Services announced the opening of a newly-constructed affordable housing development, Kingsbridge Heights Apartments… <Read More>
Vicki Been Appointed Deputy Mayor for Housing and Economic Development
The former HPD Commissioner will continue to work on affordability and economic opportunities for the City. On April 4, 2019, Mayor Bill de Blasio announced the appointment of former Department of Housing and Preservation Commissioner Vicki Been as the new Deputy Mayor for Housing and Economic Development. She succeeded Alicia Glen, who served in the position for five years.