Association of developers and contractors of affordable housing claimed that local law on prequalification and disclosure violated their constitutional rights. On September 24, 2012, the City Council passed Local Law 44, which required the Department of Housing Preservation and Development to create a public website disclosing the scope and location of publicly-funded affordable housing projects as well as complaints about developers, contractors and subcontractors involved in the project. The website must also list which … <Read More>
Search Results for: Affordable Housing Financing
Say Hello to Mandatory Inclusionary Housing!
Almost 55 percent of all renter households in New York City now pay more than 30 percent of their income towards housing costs, an increase of 11 percent since 2000. As a consequence, the City Planning Commission found that “many of the city’s neighborhoods are becoming less economically diverse, which poses a threat to the city’s economic competitiveness as well as to the opportunities available to lower-income New Yorkers.”
Mandatory Inclusionary Housing is one of … <Read More>
Mayor de Blasio Announces Progress on Affordable Housing Plan
17,300 units of affordable housing were created or preserved in 2014. On January 15, 2015, Mayor Bill de Blasio held a press conference to announce the financing of over 17,300 units of affordable housing during 2014. These units, 11,185 preserved and 6,191 of new construction, were financed as a part of the Mayor’s Housing New York plan to preserve and build 200,000 units of affordable housing by the end of Fiscal Year 2024. According to … <Read More>
HPD Commissioner Been Addresses New Affordable Housing Initiatives
HPD will permit architect self-certification and expand M/WBE developer opportunities. On October 7, 2014, Commissioner Vicki Been of the NYC Housing Preservation and Development gave the keynote address to the annual luncheon of Women in Housing and Finance. Commissioner Been elaborated on and announced new HPD initiatives to advance Mayor Bill de Blasio’s affordable housing plan.
CUNY Forum Focuses On Affordable Housing Issues
Elected officials and real estate professionals debate solutions and strategies to City’s affordable housing shortage. On October 1st, 2014 the City University of New York’s CUNY Forum series held a panel discussion titled “Affordable Housing and Social Justice in NYC”. The panel featured Manhattan Borough President Gale Brewer, Vishaan Chakrabarti of SHoP Architects and Associate Professor at Columbia University, Real Estate Board of New York President Steven Spinola, and Council Member Jumaane D. Williams. The … <Read More>
New School Hosts Panel Discussion on Historic Preservation and Affordable Housing
Elected officials, affordable housing advocates, and preservationists speak on historic preservation’s impact on New York City’s affordable housing shortage. On September 16, 2014, The Milano School of International Affairs, Management, and Urban Policy at The New School hosted a panel discussion on New York City’s affordable housing shortage and historic preservation. The discussion was co-presented by the Historic Districts Council and the Greenwich Village Society for Historic Preservation. The panel featured Manhattan Borough President … <Read More>