HPD Commissioner Been, others testify on effectiveness of the program. On January 29, 2015 the City Council Committee on Housing and Buildings held an oversight hearing on the 421-a tax benefit program. The program, established in 1971 by the New York State Legislature, was designed to spur residential development of underused land by granting a property tax reduction to developers for a period of ten to twenty-five years, with an objective of increasing affordable housing … <Read More>
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Reminder: The Rooftops Conference NYC 2013
The Rooftops Conference NYC 2013, to be held on Friday, April 19, is our third annual symposium focused on the not-for-profit sector and the role of real estate–owned, leased, or hosted physical space–in the operations, financial performance, and achievement of mission by not-for-profit organizations of all sizes and mission types.
Panelists and presenters from the not-for-profit sector, government, the real estate industry, and the professions will explore diverse themes of direct relevance to not-for-profits. … <Read More>
Speaker Quinn Addresses Affordable Housing in State of the City Address
Presumptive mayoral candidate focuses on solutions to the “middle class squeeze” in speech. On February 11, 2013, City Council Speaker Christine C. Quinn gave her final State of the City Address. Speaker Quinn, who is term limited at the end of this year, is expected to announce her candidacy for mayor in September’s Democratic primary.
Quinn’s speech focused primarily on helping the middle class. The Speaker highlighted The Middle Class Squeeze, a report … <Read More>
HPD’s Carol Clark on Affordable Housing Development and Historic Preservation
Carol Clark, Assistant Commissioner for Land Use and Local Governmental Affairs with the New York City Department of Housing Preservation and Development, serves as one of the agency’s vital ambassadors to the City Council. The Council must review HPD’s affordable housing development initiatives that involve the disposition of City-owned properties or the grant of tax exemptions. Clark arrived at HPD ten years ago with an extensive background in architecture, historic preservation, planning, and real estate … <Read More>
New Grand Concourse Historic District approved
- 1150 Grand Concourse. Image: Courtesy of LPC.
New district encompasses 78 properties and includes examples of Art Deco and Moderne architecture. On October 25, 2011, Landmarks voted unanimously to create the Grand Concourse Historic District. The district includes 78 buildings along or near the Grand Concourse between 153rd and 167th Streets.
The four-mile long “Grand Boulevard and Concourse,” designed by French engineer and Bronx resident Louis Risse, was completed in 1909 and connected Manhattan … <Read More>
Grocery store zoning incentives debated
FRESH program would create incentives to encourage developing full-line grocery stores in underserved neighborhoods. On October 26, 2009, the City Council’s Zoning & Franchises Subcommittee heard testimony on the City’s proposed Food Retail Expansion to Support Health (FRESH) program. The program would provide zoning and financial incentives to encourage grocerystores in neighborhoods identified in a 2008 study as being underserved by stores offering a full range of fresh food. These neighborhoods are located primarily … <Read More>