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.
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Small Business Services Launches “Live NYC Map” Tool to Show Small Businesses and Public-Facing Locations Citywide
On November 22, 2023, the Department of Small Business Services announced the launch of Live NYC Map, an interactive database that includes a searchable map of the city’s small businesses and public-facing locations. The map launches ahead of Small Business Saturday, the part of the Thanksgiving holiday weekend where consumers are encouraged to explore and support local businesses for their holiday shopping.
City Planning Hears Application for Mixed-Use Commercial, Manufacturing and Residential Development in Crown Heights
On November 15, 2023, the City Planning Commission held a public hearing for a rezoning application at 962 Pacific Street in Crown Heights. The applicant seeks to rezone the lot bound by Pacific Street to the north, Classon Avenue to the east, Dean Street to the south, and Grand Avenue to the west. The rezoning would enable the development of a mixed-use residential, commercial, and community space. The proposed site is currently a vacant lot.
Comptroller Audit Finds Non-Compliance with “Fair Share” Charter Provisions
On November 9, 2023 the New York City Comptroller released an audit and report detailing the failures of the City to comply with “Fair Share” Requirements for City Services and Facilities. Under the 1989 City Charter Revisions, “Fair Share provisions” require that the City must make an effort to provide communities with their fair share of amenities and the City must make an effort to combat citywide issues equitably among all communities. The new analysis … <Read More>
Proposed Council Bill Would Revoke Tobacco Licenses for Illegal Cannabis Sales
On September 14, 2023, the City Council introduced Int. 1172-2023, a bill to revoke tobacco retailer licenses for those who sell cannabis illegally, which Council Member Robert Holden sponsored.
Council Passes Bill to Provide Small Businesses with More Financial Information
On September 14, 2023, the City Council passed Int. No. 969-A, which requires the Department of Small Business Services to provide information on local community development financial institutions on the city’s one-stop shop business services portal. According to the U.S. Department of the Treasury, community development financial institutions are financial lenders that help, “promote access to capital and local economic growth in…low-income communities… through monetary awards and the allocation of tax credits.”