Affordable homeownership project receives generally positive feedback. On January 22, 2020, the City Planning Commission heard an application by the Department of Housing Preservation and Development for the disposition of city-owned property and to designate three areas in the southern portion of Bedford-Stuyvesant, Brooklyn as Urban Development Action Areas. The UDAAP designation would help facilitate the construction of seven new buildings and 78 affordable homeownership units. Felipe Cortez, a borough planner at HPD and Jack … <Read More>
Search Results for: Tax Exemption
HPD to Redevelop Vacant Buildings for Homeless Families
HPD issues the Property Pathways RFEI seeking vacant, or partially vacant multifamily buildings that can be redeveloped into permanent housing for vulnerable New Yorkers. On December 19, 2019, Housing Preservation and Development announced its release of Request for Expressions of Interest (RFEI) for its new Property Pathways initiative. The Property Pathways initiative identifies privately-owned properties throughout the city with at least ten units that can be converted into safe and secure permanent housing to be … <Read More>
Council Approves Application for Construction of New Affordable Housing Development in Bedford-Stuyvesant, Brooklyn
The new nine-story building would bring approximately 36 housing units for the formerly homeless. On October 17, 2019, the City Council voted to approve a land use application to facilitate the construction of a new nine-story mixed-use residential and commercial building on three vacant City-owned lots at 776-780 Myrtle Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. To facilitate the project, the application asks for two land use actions. First, the three City-owned vacant lots will … <Read More>
New East New York Development to Renovate Shelter and Create Affordable Housing
The new development proposes services for both residents and the greater East New York community. On October 16, 2019, the City Planning Commission voted to approve a land use application to develop four mixed-use buildings in East New York, Brooklyn. The lot is bounded by Sutter Avenue to the north, Blake Avenue to the south, Snediker Avenue to the west, and Hinsdale Street to the east. To facilitate the new 387,100 square feet development, the … <Read More>
Bronx Point Development Approved by City Planning
Bronx Point could spark development in the South Bronx. On August 14, 2019, the City Planning Commission unanimously approved an Urban Development Action Area Project (“UDAAP”) application in the South Bronx. The project, more commonly referred to as “Bronx Point” was brought by the Department of Housing Preservation and Development (“HPD”) to designate the property located north of East 150th Street, south of Mill Pond Park, west of Exterior Street/Major Deegan Expressway and east … <Read More>
Owner Wins Rent Stabilization Dispute
Tenants of a Tribeca high rise luxury rental building claimed protection of rent stabilization. Tenants of Tribeca House, a luxury rental residential building located at 50 Murray Street, Manhattan claimed that the owner of the building overcharged the tenants. Tribeca House, a twenty-one-story luxury loft apartment building, has 389 apartments comprised of studio, one, two, and three bedroom units.