The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>
Search Results for: Downtown Brooklyn, Brooklyn
City Planning Approves 50 Nevins Street Rezoning; City Council Next to Consider
The City Planning Commission approved the expansion of a mental health treatment facility to include low-income affordable units for individuals and families. On July 26, 2017, the City Planning Commission issued a favorable report on an application for multiple land use actions to facilitate the enlargement and reconstruction of an existing eight-story building by integrating a 10-story horizontal expansion onto an abutting parking lot and three-story addition to the northern portion of the existing building. … <Read More>
City Planning Hears Testimony on Expansion of Mental Health Treatment Facility
The proposed rezoning would facilitate the expansion of a mental health treatment facility to include low-income affordable units for individuals and families. On June 21, 2017, the City Planning Commission held a public hearing on an application for multiple land use actions to facilitate the enlargement and reconstruction of an existing eight-story building by integrating a 10-story horizontal expansion onto an abutting parking lot and three-story addition to the northern portion of the existing building. … <Read More>
CPC Holds Hearings on Four New Affordable Housing Developments
The City Planning Commission heard testimony on four developments, containing 224 units, to be 100 percent affordable housing for at least 30 years. On January 10, 2017, the City Planning Commission held hearings on four Department of Housing Preservation and Development applications to dispose of city-owned properties in order to facilitate four new housing developments. Each development—three in Harlem and one in Sunset Park—will contain varying levels of affordability under HPD loan structures.
CityLand’s Top Ten Stories of 2016
Welcome to CityLand‘s fifth annual top ten stories of the year! We have selected a range of our most popular and prominent stories, and guest commentaries concerning New York City land use in 2016. Our fifth year as an online publication was marked by the fight to pass the Mayor’s Mandatory Inclusionary Housing plan, proposed reforms to the building code to prevent illegal home conversions, and capped by the passage of state laws prohibiting … <Read More>
Conversion of Pier 3 to Parkland Begins
City enters final stretch for the completion of the Brooklyn Bridge Park. On October 19, 2016, the conversion of Pier 3 in Brooklyn Bridge Park began. Currently ninety percent of the park, which opened in 2010, is either under construction or completed. When opened, Pier 3 will offer a central lawn, a recreation and programming area, and a play “labyrinth” which will highlight historic elements salvaged from the reconstruction—namely salvaged rail ties and bollards.
Mayor … <Read More>