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>
Search Results for: Federal Housing
Renovations For Staten Island Affordable Housing Completed
Modernization of apartment complex includes extension of affordability for the next 40 years. On June 5, 2018, the Department of Housing Preservation and Development announced completion of modernization work at the Fox Hill Apartments. The New York State Homes and Community Renewal, Rockabill Consulting-Development, Park Management, and development partners joined HPD in a ribbon cutting ceremony in front of the complex, at 320 Vanderbilt Avenue in Staten Island.
Report Looks At Threats To Affordable Housing In City Neighborhoods
City neighborhoods report threats to affordable housing. The Association for Neighborhood & Housing Development released its 2018 report on “How Is Affordable Housing Threatened in Your Neighborhood?” The report provided its findings in a chart on all neighborhoods in the five boroughs and indicators of threats to affordable housing. The Association is the umbrella organization of 100 non-profit affordable housing development groups, which serves low- and moderate-income residents in all five boroughs.
City to Create Senior Housing and Community Space Despite Strong Opposition
Senior affordable housing proposal would build over existing community park and green space. On Friday December 8, 2017, the New York City Housing and Preservation Department announced development plans that will create 121 affordable senior apartments and a community designed public open space in the Nolita neighborhood of Manhattan. Haven Green, an affordable new senior housing development will be affordable to seniors earning between $20,040 and $40,080 and include housing for formerly homeless seniors.… <Read More>
Comptroller Audit Finds that HPD Review of Affordable Housing Sponsors Was Effective
Comptroller audit finds that HPD’s controls to ensure that housing incentives were rewarded to qualified applicants were largely effective. On June 27, 2017, the Office of the city Comptroller Scott Stringer released a report of an audit of the Department of Housing Preservation and Development. The audit sought to evaluate whether HPD had adequate controls to ensure that its housing incentive projects were properly awarded to property owners and developers that qualified for the program, … <Read More>
Three-Quarter Housing: Council Seeks to Address Blight [UPDATE: City Council Approves Legislation]
UPDATE: On February 1, 2017, the City Council voted 47-0 to approve four bills that would help protect tenants of three-quarter houses in New York City. During the vote, Council Member Donovan Richards called three-quarter houses a wide spread problem that would not be cured by the bills and that the City would need to track progress on the issue to determine future responses. Council Member Ritchie Torres called predatory operators of three-quarter houses the … <Read More>