City Launches $50 Million Initiative for Minority-Business Enterprise Developers to Work on Affordable Housing

On March 4, 2024, New York City Mayor Eric Adams, the New York City Housing Preservation Development (HPD) Commissioner Adolfo Carrión Jr., and New York City Housing Development Corporation (HDC) President Eric Enderlin announced an initiative to provide up to $50 million to help Minority Business Enterprises (MBE) overcome financial barriers and participate in developing much needed affordable housing for New Yorkers. The “New York City Minority Business Enterprise Guaranty Facility” is established in partnership … <Read More>


City Initiative to Help Create Affordable Housing for CityFHEPS Voucher Holders

On February 8, 2024, New York City Mayor Eric Adams and New York City Department of Social Services (DSS) Commissioner Molly Wasow Park announced the Affordable Housing Services (AHS) initiative that will serve to create 1,500 permanent affordable homes. The homes created under AHS will specifically aid New Yorkers who are exiting the shelter system with City Fighting Homelessness and Eviction Prevention Supplement (CityFHEPS) vouchers. In addition to the launch of AHS today, DSS has … <Read More>


HPD Announces Bergen Green Affordable Housing Project in Latest 24 in 24 Push

On January 31, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that Apex Building Group and Bridge Street Development Corporation will be building 116 homes for low-income families at 516 Bergen Street in Prospect Heights, Brooklyn. The announcement comes in light of Mayor Adams’ push for affordable housing advancements on publicly owned land. Mayor Adam’s 24 in 24 plan is seeking to create or preserve around 12,000 units of housing <Read More>


HPD Launches Month-Long Affordable Housing Push with Over 500 Units Planned at Inwood Waterfront Site

On January 29, 2024, the Department of Housing Preservation and Development began a month-long effort to advance affordable housing projects on public sites citywide as part of Mayor Eric Adams’ “24 in 24” plan. The plan, announced in his State of the City address, aims to advance 24 affordable housing projects on public sites in 2024 to create or preserve over 12,000 affordable units. The first site is currently an unused city-owned parking lot on <Read More>


City Planning Hears Application for Arts Center and Affordable Housing Development in Brownsville

On December 13, 2023, the City Planning Commission held a meeting on the City’s Brownsville Arts Center and Apartments project, an application that would enable the development of a mixed-use residential and community space at 376 Rockaway Avenue in the Brownsville neighborhood of Brooklyn. The proposed site is currently a vacant city-owned lot. The applicant, the Department of Housing Preservation and Development, seeks to rezone the area that is located mid-block between East New York … <Read More>


City Breaks Ground on New Phase of Affordable Housing Development in Hunts Point

On November 29, 2023, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York City Economic Development Corporation joined the development team to celebrate the groundbreaking of the next phase of the Peninsula, a 100 percent affordable housing mixed-use campus in the Hunts Point section of the Bronx. The development team included Gilbane Development Company, Hudson Companies, MHANY Management Inc, and Wells Fargo.