NYC HPD
New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program. (more…)
New York City Public Advocate Letitia James. Image credit: The Office of the New York City Public Advocate
Investigation uncovers HPD’s 13 years of failing to enforce housing program requirements against developers and depriving the City of affordable housing and resources. On February 29, 2016, New York City Public Advocate Letitia James released a report on an investigation conducted by her office into 26 residential properties in Brooklyn. The 26 properties had been given to a nonprofit developer to be rehabilitated and resold, subject to affordable housing income restrictions, as part of the Department of Housing Preservation and Development’s Neighborhood Homes program. The report uncovers how HPD’s failure to adequately supervise the progression of these residential properties caused the City to lose over 40 units of affordable housing and waste a considerable amount of the City’s resources, and left prospective homebuyers waiting for apartments they placed deposits on for more than a decade.
Rendering of Rheingold Development as seen from Bushwick Avenue and Forrest Street, Brooklyn. Image Courtesy of Forrest Lots, LLC.
Controversial Bushwick development project questioned on affordable housing goals in public hearings. On December 10, 2013, the full City Council voted 48-1 to rezone six blocks in Bushwick, Brooklyn, in order to allow the development of ten mixed-use developments. The rezoning area is bounded by Bushwick Avenue, Flushing Avenue, Melrose Street, Stanwix Street, and Forrest Street. Council’s Committee on Land Use voted 18-1 and Land Use Subcommittee on Zoning and Franchises unanimously voted 10-0 to approve the project. Council Member Charles Barron voted in the negative at the Stated Meeting and Land Use Committee meeting, citing concerns about housing affordability. (more…)
Image Credit: NYC EDC.
The plan calls for 100 percent affordable housing with emphasis on lowest incomes, transportation, new parks and open space. On March 4, 2020, the New York City Economic Development Corporation announced Mayor Bill de Blasio’s and Amtrak’s Sunnyside Yard Master Plan. The Plan’s framework will focus on building new public transit and making all housing affordable, especially for New Yorkers earning less than $50,000 per year. Sunnyside Yard is bounded by Northern Boulevard to the north, Skillman Avenue to the south, Thomson Avenue to the west and 43rd Street to the east. Over the last fifteen years, Western Queens has experienced rapid growth, putting strains on infrastructure, transportation, and housing. The Sunnyside Yard Master Plan presents an opportunity to create nearly 115 acres of new public land by decking over Sunnyside Yard. (more…)
Mayor Bill de Blasio. Image credit: CityLand
Plan anticipates creating or preserving 20,000 homeownership opportunities by 2026. On December 11, 2017, Mayor Bill de Blasio announced two new programs, Open Door, which aids first-time homeowners buy a condo or coop, and HomeFix, which helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years. These programs are part of the Mayor’s 300,000 affordable housing plan. (more…)
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