50 Penn is a new 100 percent affordable development in Cypress Hills, Brooklyn. Image Credit: HPD.

The mixed-use, nine-story “50 Penn” building in Brooklyn will provide both housing and additional supports. On June 9, 2022, the Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC), developer PennRose, and the Riseboro Community Partnership celebrated the grand opening of the “50 Penn” housing development in Cypress Hills, Brooklyn. The 218-unit building addresses key priorities in the East New York Neighborhood Plan, such as affordable housing and access to fresh food. While the building was financed through HPD and HDC, Pennrose was the project’s lead developer and RiseBoro will provide on-site property management. (more…)

Mayor Adams announces the new proposed zoning text amendments. Image Credit: Michael Appleton/Mayoral Photography Office

The zoning text amendments are in development and will be drafted with input from stakeholders before undergoing public review later this year. On June 1, 2022, Mayor Eric Adams announced a plan for a series of new zoning text amendments and programs aimed at removing obstacles for the recovery of small businesses, increased affordable housing, and the expansion of green technology to promote sustainability. The three zoning text amendments – the Zoning for Economic Opportunity, Zoning for Housing Opportunity, and Zoning for Zero Carbon aim to reduce bureaucracy within the City’s zoning text to make room for the City’s continued growth and recovery from the COVID-19 pandemic. (more…)

Rendering for 4519 White Plains Road. Image Credit: Office of Governor Kathy Hochul.

The new building will be across the street from another affordable housing development recently approved by the City Planning Commission. On May 25, 2022, Governor Kathy Hochul announced the beginning of construction for a new affordable and supportive housing development in the Wakefield section of the Bronx. The Plains will be located at 4519 White Plains Road between East 239th and East 240th Street. The development team consists of the Doe Fund and Robert Sanborn Development. (more…)

Mayor Adams joins the development team for the ground breaking of the Hanson Place Community Plaza project. Image Credit: Ed Reed/Mayoral Photography Office.

The project site also features 22,000 feet of community space. On April 28, 2022, Mayor Eric Adams and other City officials joined the development team of Hanson Place Church Support Corporation, MDG Design + Construction, City Community Capital, The Richman Group, and other partners to break ground on Hanson Place Community Plaza. (more…)

Rendering of 4541 Furman Avenue, as seen from White Plains Road. Image Credit: CPC.

The building will be in two wings, and features 52 spaces of stacked parking in the cellar. On April 13, 2022, the City Planning Commission held a public hearing for an application for a mixed-use residential and commercial building at 4541 Furman Avenue in the Wakefield section of the Bronx. The rezoning site is on a portion of the block bounded by East 240th Street, a line 300 feet north of East 239th Street to the south, White Plains Road to the west, and Furman Avenue to the east. The project site is currently an underutilized warehouse. Several non-conforming buildings on the block would also be brought into conformance with the rezoning. The rezoning area is adjacent to the elevated No. 2 subway line that runs along White Plains Road. (more…)