HPD launches ShareNYC, a pilot program to help developers finance affordable co-living housing. Co-living housing units supported by the City are headed for New York. On November 1, 2018, the City’s Department of Housing and Preservation and Development announced ShareNYC, an initiative to encourage the development of affordable, shared housing units on privately owned sites with the support of City funds. Developers will be permitted to enter bids for financing which will be provided through … <Read More>
Search Results for: Incentive Program
HPD and Private Developers Partner to Bring 235-Unit Affordable Building to Bedford-Stuyvesant
The project will be financed under an HPD program that requires low and extremely low income affordability and set-asides for the formerly homeless. On March 27, 2019, the City Planning Commission voted to approve an application that will bring a 14-story affordable mixed-use development with 235 residential units to 1921 Atlantic Avenue in the Bedford/Stuyvesant neighborhood of Brooklyn. The application was brought by the Department of Housing Preservation and Development in conjunction with DTF Atlantic, … <Read More>
City Planning Approves Affordable Housing and Demapping in Westchester Square
Critics raised concerns over more traffic due to larger number of parking spaces. On February 27, 2019, the City Planning Commission voted to approve an application for a nine-story mixed-use residential and commercial building at 1346 Blondell Avenue in the Westchester Square section of the Bronx. To facilitate this development, named Blondell Commons, the application calls for rezoning a portion of a larger manufacturing district that mainly features auto repair shops along Blondell Avenue. Blondell … <Read More>
City Planning Approves New Affordable Housing on NYCHA-Leased Land in Mott Haven
The building will feature supportive housing with in-building staff to provide services. On January 30, 2019, the City Planning Commission voted to approve an application for the development of a 15 story mixed-use building in the Mott Haven section of the Bronx. The building will have approximately 100 residential units and will be located at 472-474 Willis Avenue between East 146th and East 147th Streets. The development site will be leased to the … <Read More>
City Planning Approves Proposal for New 40-Story Tower in Downtown Brooklyn
The development which requires a significant upzoning, special permit, and several building envelope requirement modifications will now proceed to City Council for review and approval. On December 5, 2018, the City Planning Commission held a public hearing on a proposed mixed-use development at 570 Fulton Street, located within the Special Downtown Brooklyn District. The applicant, 570 Fulton Street LLC, is proposing to build a 40-story, approximately 202,000 square foot building containing a mix of office … <Read More>
HPD Seeks Urban Development Action Area Designation for Two City-Owned Properties in East Village
Approval of the proposed project will provide housing to families that have been displaced for over ten years. On December 5, 2018, the City Planning Commission heard an application that would allow for the demolition of existing buildings on two City-owned lots and development of ten co-operative units at 204 Avenue A and eleven one-bedroom rental units at 535 East 12th Street in Manhattan. The lots are located on the same block in the … <Read More>