On October 5, 2023, Mayor Eric Adams, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) announced that households using housing vouchers will no longer have their credit checked during the process of affordable housing selection. A renter who is using rental assistance vouchers is guaranteed to pay rent either through a rental subsidy which they are qualified for or connected to the affordable unit. It is an unnecessary and … <Read More>
Search Results for: Rent Subsidies
Committee on Aging Hears Bill Aimed to Safeguard Elderly Renters
Int. 673-2022 would entitle renters over the age of 60 to full legal representation at no cost. On September 7, 2022, the New York City Council’s Committee on Aging held a public hearing on Introduction 673-2022. The bill would entitle renters over the age of 60 to full legal representation at no cost in cases of eviction or termination of tenancy, as well as require the Department for the Aging to provide financial assistance and … <Read More>
City Officials Support New Rent Subsidy Program
City Council Members and Citywide Officials formally endorse Home Stability Support legislation. On November 22, 2016, New York City Public Advocate Letitia James and thirty members of the City Council formally endorsed the promulgation of the Home Stability Support program. The announcement was made at an afternoon press conference and rally on the steps of City Hall. The event was co-hosted by the Public Advocate and Council Member Grodenchick, and included speeches by Council Members … <Read More>
Overhaul of Rent Subsidy Program to Fix New York State Homelessness; Save Hundreds of Millions
State Assemblymember may have answer to finally reverse the homelessness trend. Recently, the de Blasio Administration heralded that its efforts to prevent homelessness in New York City have had some success. On September 29, 2016, City Hall announced that thanks to its “unprecedented array of programs” some 7,000 New Yorkers were able to avoid the City’s shelter system. The Department of Homeless Services now shelters 60,000 instead of the projected 67,000 (the projection was largely … <Read More>
Affordable rental housing OK’d for South Bronx
Developer obtained rezoning in order to build 175-unit, mixed-income, affordable housing project. On June 9, 2010, the City Council approved CBC Associates and the South Bronx Overall Economic Development Corporation’s proposal to rezone an entire block in the Crotona Park East section of the Bronx from C8-3 to R7- 1/C2-4 to facilitate the development of an eight-story, affordable housing project. The developers will construct the building on a 48,992 sq.ft. lot at 1825 Boston Road … <Read More>
Governor Announces Funding for Almost 1,100 Affordable Homes Statewide, Including Brooklyn and the Bronx
On April 8, 2024, Governor Kathy Hochul announced $412 million in bonds and subsidies to create and preserve nearly 1,100 affordable homes statewide, including four projects in the Bronx and Brooklyn. The awards are part of the Governor’s five-year $25 billion housing plan to preserve or create 100,000 affordable homes statewide with 10,000 supportive homes.