The City has now produced more than 164,000 units or more than 50 percent of the Mayor’s Housing plan to create 300,000 affordable homes by 2026. On April 3, 2020, Housing Preservation and Development announced the preservation of 16,083 affordable homes for New Yorkers.
Search Results for: Affordable Housing and Homelessness
New York City Finances Over 25,000 Affordable Homes in 2019
The addition of over 25,000 affordable homes brings the City’s total affordable homes financed since 2014 to over 147,000. On February 3, 2020, the Department of Housing Preservation and Development announced that the City financed 25,889 homes in 2019. Of this number, 15,692 affordable homes were preserved and another 10,197 new affordable homes were financed.
Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems
Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.
Mayor’s Office Announces Conversion of Temporary Homeless Shelters into Permanent Affordable Housing
The conversion is another step in the City’s plan to address the homelessness crisis. On November 19, 2019, the Mayor’s Office announced its transition into the second phase of a plan to convert temporary homeless shelters into permanently affordable housing units. According to the Mayor’s Office, this plan will help not-for-profit housing developers acquire and rehabilitate an additional 14 residential “cluster site” buildings, currently being used to house homeless families, and convert them into over … <Read More>
HPD, Elected Officials, Project Partners Break Ground on New Supportive Senior Housing in Mott Haven
The project will bring 152 units of affordable and supportive housing to the South Bronx. On September 10, 2019, the Department of Housing Preservation and Development, the New York City Housing Development Corporation (HDC), the New York City Housing Authority (NYCHA), and the New York State Office of Temporary and Disability Assistance/Homeless Housing and Assistance Corporation (OTDA/HHAC), elected officials and project partners broke ground on “Betances Residence,” a new senior housing project. The project is … <Read More>
HPD and Developers Celebrate Completion of Affordable Senior Housing In West Farms
168 residential units were created on top of an existing building structure that will serve low-income and formerly homeless seniors. On August 5, 2019, the New York City Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC), and the New York City Housing Authority (NYCHA) celebrated the completion of 1880 Boston Road, a 168-unit affordable senior housing development in the West Farms neighborhood of the Bronx. HPD, HDC, and NYCHA … <Read More>