On September 21, 2023, Mayor Eric Adams released the details for his “City of Yes for Housing Opportunity” proposal. The proposal aims to increase the development of and access to affordable housing throughout New York City through changes to the City’s zoning code. The Mayor’s Office touts that the initiative could add 10,000 homes to expected housing production over the next 15 years, create 260,000 temporary and 6,300 permanent jobs, and provide $58.2 billion in … <Read More>
Search Results for: Senior Housing
City Reveals Atlantic Avenue Mixed-Use Plan to Bring Affordable Housing and Open Space to Central Brooklyn
On September 7, 2023, the New York City Mayor’s Office and New York City Department of City Planning released plans for new affordable senior homes and a revamp of St. Andrew’s Playground in Central Brooklyn. The departments’ objective was to further their ‘Atlantic Avenue Mixed-Use Plan’ by building in a zone of Brooklyn that has been stifled by restrictive zoning regulations.
Council Approves Bill to Report on Affordable Housing and Renters with Disabilities
On February 2, 2023, the New York City Council passed Local Law 25 of 2023. The new law was originally introduced by Council Member Diana Ayala as Introduction 375-2022A. The new law will require the Department of Housing Preservation and Development to report every three years on how many of their affordable housing units set aside for and rented to persons with disabilities.
Mayor Reveals Task Force Recommendations to Convert Underused Office Space to Housing
On January 9, 2023, Mayor Eric Adams announced a set of recommendations from the Office Adaptive Reuse Task Force for changes to state laws and city zoning requirements to make it easier for the conversion of underused office space to housing. The COVID-19 pandemic transformed how many companies operate, transitioning to work-from-home or hybrid structures that require less office space, while the city experiences an ongoing affordable housing crisis.
Governor Announces Over $390 Million for Ten Affordable and Supportive Housing Projects Across the State, Four in NYC
On January 19, 2023, Governor Kathy Hochul announced that over $390 million was awarded through bonds and subsidies for affordable and supportive housing statewide. With additional private funding, over $600 million is expected to be invested to preserve over 1,600 units in ten projects across the state, including four projects within New York City. The four New York City projects are Bedford Green House Phase II in Fordham Heights in the Bronx; Shepherd Glenmore in … <Read More>
HPD Announces Selection of Plan and Partners for New Affordable Housing Development in Bed-Stuy
On January 12, 2023, the Department of Housing Preservation and Development announced the selection of a plan and partners for the creation of a new affordable housing development for seniors and low-income families in Bedford-Stuyvesant, Brooklyn. The development, “The Steps at Saratoga,” will also be the first New York City development to build a community-owned local network plant to provide more affordable internet access to local residents and businesses.The team selected includes RiseBoro, IMPACCT Brooklyn … <Read More>