On February 14, 2025, New York City Mayor Eric Adams, joined by critical stakeholders, launched the requests for proposals for the 388 Hudson Street development project. The City hopes to transform the underutilized site in the Hudson Square neighborhood into a community-focused mixed-use development. This project is part of the City’s “Manhattan Plan”, which was first announced in his fourth State of the City address last month. The Manhattan Plan aims to create 100,000 new … <Read More>
Search Results for: Affordable Housing
City Requests Proposals for Affordable Housing, Library Project in the Bronx
On January 28, 2025, New York City Mayor Eric Adams and other critical stakeholders announced they are accepting requests for proposals from interested developers to further a project to build a new library with 100 percent affordable housing where the Grand Concourse Library is currently located in the Bronx.
HPD Celebrates Launch of Project to Transform East Village Parking Lot Into Affordable Housing
On December 11, 2024, New York City Department of Housing Preservation and Development Commissioner Adolfo Carrión Jr. announced a 11,540 square-foot City-owned parking lot, located at 324 East 5th Street in the East Village, will be redeveloped into a housing complex with only affordable housing units.
City Creates New Program to Help Affordable Housing Projects Go Green
On September 26, 2024, New York City Mayor Eric Adams announced the creation of the GreenHOUSE Fund to improve compliance with Local Law 97 for owners of buildings with affordable housing. Since 2019, Local Law 97 has required the majority of buildings over 25,000 square feet to meet new energy-efficient and greenhouse gas emissions requirements. The City’s ongoing climate goals include having the largest buildings produce zero emissions by 2050 and improving air quality.
Governor Announces $16.5 Million Investment for Decarbonizing NYC Affordable Housing
On August 19, 2024, Governor Kathy Hochul announced the $16.5 million contribution to decarbonize and improve existing affordable housing in New York City through the Resilient and Equitable Decarbonization Initiative for Existing Buildings (REDi: EB) Program. This program is administered New York City Department of Housing Preservation and Development in partnership with the New York State Energy Research and Development Authority (NYSERDA). This program is funded through the State’s Clean Energy Fund (CEF).
Mayor Issues Executive Order for Agencies to Find Suitable Affordable Housing Locations on City-Owned Properties
On August 21, 2024, New York City Mayor Eric Adams announced the issuance of Executive Order 43, which requires City agencies to review their city-owned and controlled land to determine which sites can be appropriate for potential housing development sites. This order is in response to New York City’s affordable housing crisis. The goal of this executive order is to support the Adam’s administration plan of building 500,000 new homes by 2032.