Project will provide large number of affordable housing to recently rezoned neighborhood. On July 11, 2018, Mayor Bill de Blasio and Council Member Donovan Richards announced the two projects in the Downtown Far Rockaway area that will create over 670 units of affordable housing following the Downtown Far Rockaway rezoning approval ten months ago. The project is also being led by the New York City Economic Development Corporation, Department of Housing Preservation and Development, Housing … <Read More>
Search Results for: Affordable Housing Financing
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.
Expecting to Meet Goals Two Years Ahead of Schedule, Mayor de Blasio Expands the Housing Plan Objectives
The de Blasio administration increases goal to building and preserving 300,000 affordable units by 2026. On October 24, 2017, Mayor Bill de Blasio announced that the administration is on track with meeting the goal of 200,000 units and is expected to meet the goal by 2022, two years ahead of the 2014 plan’s original date. Using the City’s new tools, programs and funding, the City will work to secure 25,000 affordable units annually by 2021. … <Read More>
City Council Green Lights Two 14-Story Affordable Building in Longwood
The City Council approved the construction of 474 low-income affordable units in Longwood, Bronx. On July 20, 2017, the New York City Council voted 46-0 to approve the construction of two new 14-story mixed-use buildings at the intersection of Whitlock Avenue and east 165th Street in the Bronx’s Longwood neighborhood. The applicant, Ader Group, LLC, requested a zoning map amendment to change the project area from an M1-1 zoning district to an R8A/C2-4 zoning district, … <Read More>
City Planning Approves Two 14-Story Affordable Buildings in the Bronx
The City Planning Commission approved the construction of 474 low-income affordable units in Longwood, Bronx. On June 7, 2017, the City Planning Commission issued a favorable report on an application from Ader Group, LLC, to facilitate the construction of two new 14-story mixed-use buildings at the intersection of Whitlock Avenue and east 165th Street in the Bronx’s Longwood neighborhood. The application requested a zoning map amendment to change the project area from an M1-1 zoning … <Read More>
Mayor Bill de Blasio Reports on Progress of Housing New York Plan
The Mayor’s Administration is ahead of schedule in achieving its goal to build 200,000 affordable homes in 10 years. On July 26, 2016, Mayor Bill de Blasio announced an update on the progress that has been made to achieve the goals set forth in his Housing New York plan, which seeks to build 200,000 affordable homes in 10 years. The Housing New York plan met the conclusion of its second fiscal year on June 30, … <Read More>