On September 30, 2022, the New York City Department of Housing Preservation and Development (HPD) and the New York City Law Department announced that the City’s Zombie Homes Initiative reached a significant milestone: the Initiative has officially recouped over $1 million in penalties from mortgage holders of vacant properties who failed to comply with New York State’s Zombie Property and Foreclosure Prevention Act of 2016, commonly referred to as the “Zombie Law.”
Search Results for: Affordable Homeownership
Mayor Eric Adams Releases Blueprint for Housing and Homelessness
Mayor Adams Addresses the Issue of Affordable Housing and Works Towards Building More Affordable Housing. On June 14, 2022, Mayor Eric Adams released Housing Our Neighbors: A Blueprint for Housing and Homelessness, his administration’s plan to address New York City’s affordable housing crisis. The Blueprint discusses making the City a welcoming and homely place where people can stay and grow together as a family by creating housing that is available and affordable for people … <Read More>
Sunnyside Yard Master Plan Released by City and Amtrak
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 … <Read More>
New Programs aimed to Help First-time Homeowners
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.
Planning Commission Approves NYCHA Housing Project in the Soundview Section of the Bronx
NYCHA-proposed rezoning would facilitate development of two eight-story buildings and 16 attached duplexes on an underutilized parking lot. On August 22, 2012, the City Planning Commission approved NYCHA’s proposal to develop a 238-unit, multi-building affordable housing project in the Soundview section of the Bronx. The 155,000-square-foot project site is on the southeastern edge of a block bounded by Randall, Bronx River, Lacombe, and Rosedale Avenues. NYCHA’s 13-building Soundview Houses housing complex is north of … <Read More>
Council Approves Appointments of Gail Benjamin and Anthony Crowell to City Planning
On September 14, 2022, the City Council voted to approve Gail Benjamin and Anthony Crowell to the New York City Planning Commission. Earlier that same day, the City Council Committee on Rules, Privileges, and Elections also voted in favor following a hearing a week earlier.