New development on Lower East Side set to transform the entire Broome Street corridor. On December 4, 2019, the City Planning Commission heard an application by Go Broome LLC and the Chinatown Planning Council HDFC to rezone and develop a large-scale, mixed-use development on the Lower East Side. The proposed development includes mixed-income housing, affordable senior housing, program and office space for the Chinese American Planning Council, congregation space for the landmarked Beth Hamedrash Hagodol … <Read More>
Search Results for: Economic Development
City Planning Releases Second Regional Economic Growth Report
The 2019 report shows that the economy expanded faster than housing. On October 30, 2019, Deputy Mayor Vicki Been and Department of City Planning Director Marisa Lago announced the release of the 2019 Geography of Jobs report. This is the City’s second report on shifting growth patterns concentrating jobs and housing pressures in New York City and other urban areas.
HPD Announces Construction of First Phase of 740-Unit Affordable Mixed-Use Development in South Bronx
Phase One of the development will yield 183 units of deeply affordable housing ranging from studios to three-bedrooms. On July 16, 2019, the Department of Housing Preservation and Development (HPD),the Housing Development Corporation (HDC), the New York City Economic Development Corporation (NYCEDC) and private developers announced plans to construct the first phase of the Peninsula, a 100 percent affordable mixed-use development in the Hunts Point neighborhood of the Bronx. The project will be constructed on … <Read More>
$117.7 Million Affordable Housing Development for Seniors Opens in Mott Haven
Supportive services onsite will receive funding from the New York State Office of Mental Health. On May 21, 2019, the Department of Housing Preservation and Development, Governor Andrew Cuomo and other City and State officials announced the opening of Tres Puentes Senior Apartments at 285 East 138th Street and 2550 3rd Avenue in the Mott Haven neighborhood of the Bronx.
HPD, NYSHCR, Private Developers and Others Announce Opening of New 135-Unit Affordable Kingsbridge Heights Development
The newly-constructed $70.5 million housing project is affordable, energy efficient, and provides housing and supportive services to formerly homeless families. On May 22, 2019, the New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas, Deputy Mayor for Housing Vicki Been, Department of Housing Preservation and Development Commissioner Louise Carroll, B&B Urban, L+M Development Partners and the Center for Urban Community Services announced the opening of a newly-constructed affordable housing development, Kingsbridge Heights Apartments… <Read More>
City Planning Creates Plan Responding to Bushwick’s Rapid Development
The plan will address community concerns including affordable housing, open space, transportation safety, and economic development. On April 24, 2019, Department of City Planning Director Marisa Lago released the Bushwick Neighborhood Plan Update. The plan was created in response to the neighborhood’s rapid development, population growth, resident displacement, and lack of affordable housing from an increase in market-rate construction.