HPD Celebrates Opening of New Affordable Building with 275 Units in East New York

The building includes a community center with a variety of programs to promote economic growth and youth development. On October 4, 2022, the Department of Housing Preservation and Development (HPD) joined other city agencies, MHANY Management, Urban Builders Collaborative and Cypress Hills Local Development Corporation to celebrate the opening of Chestnut Commons Apartments in East New York, Brooklyn. Chestnut Commons Apartments, located at 110 Dinsmore Place, is a new 275-permanently affordable unit building. 


City Connects 10,000 Households to Stable, Affordable Housing in Fiscal Year 2022

Mayor Adams announced several achievements over the last fiscal year in the multiagency effort to get New Yorkers into quality affordable homes. On September 15, 2022, Mayor Eric Adams announced that despite challenges like inflation, his administration connected nearly 10,000 families and individuals to stable, affordable homes in Fiscal Year 2022 (FY22). As part of the Mayor’s Housing Blueprint, his administration ensured that housing investments prioritized the experiences of New Yorkers, and that key … <Read More>


HPD Announces Addition of Over 1,200 Affordable Units Through Completed Projects and Projects In Development

The addition furthers the City’s goal of financing 200,000 affordable households by the end of the de Blasio administration. On December 3, 2021, the Department of Housing Preservation and Development (HPD) announced the creation of an additional 1,221 affordable homes between two completed projects in Queens and two projects that have broken ground in the Bronx and Brooklyn.



City Finances 30,000 Affordable Homes in 2020

The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026. On February 9, 2021, Mayor Bill de Blasio announced that the City financed the construction and preservation of 29,521 affordable homes in 2020. Fifty-seven percent of the affordable homes financed in 2020 will serve families of three that earn less than $52,000 per year. The city has financed over 177,000 homes through the Housing … <Read More>


NYCHA and HPD Announce Construction of Affordable Housing Co-Operative Development in the Bronx

Seventy-two co-op units will be available for purchase. On October 2, 2020, the New York City Housing Authority (NYCHA) and the New York City Department of Housing Preservation and Development (HPD) announced that Lemle & Wolff Companies and Avante Contracting Corp will develop a 100 percent affordable homeownership housing development at NYCHA’s Soundview campus in the Bronx. The buildings will be located across the street to the north of Soundview Park along Lacombe Avenue at <Read More>