Comptroller found that HPD was successful in ensuring that the primary housing goals of the Cornerstone Program were met. In 2000, HPD established the Cornerstone Program, a new construction initiative designed to expand private housing and increase the City’s affordable unit housing stock. The primary goals of the Cornerstone Program are two-fold: sell City-owned land, usually for a small fee, to encourage private residential development, and create affordable rental and homeownership units in specific neighborhoods. … <Read More>
Search Results for: Homeownership
Council signs off on Karl Fischer-designed condos
- City Council approved Martin Wydra’s condominium development, designed by architect Karl Fischer. Image: Karl Fischer Architecture PLLC.
City Council approved rezoning despite Council Member Tony Avella’s objection. On February 27, 2008, the City Council approved developer Martin Wydra’s rezoning and special permit proposal to build an eight-story mixed-use building and a 259space parking garage at 886 Dahill Road in the Borough Park section of Brooklyn. Currently, one- and two-story vacant industrial buildings occupy the 66,000-square-foot … <Read More>
HPD proposes large complex for South Bronx
Plan for seven buildings includes Boricua College campus, 679 residential units and over 36,000 sq.ft. of retail. The Department of Housing Preservation and Development proposed to amend the Melrose Commons Urban Renewal Area Plan in the Bronx to facilitate a large, seven building, mixed-use, residential and commercial complex called Boricua Village to be constructed on a 4.2-acre lot in the northeast corner of Melrose Commons.
HPD’s plan called for 18 changes to the existing Melrose … <Read More>