The three sites will have amenities for residents and are transit accessible. On September 25, 2019, the City Council voted to approve an application to develop affordable housing on three City-owned properties located in Brownsville, Brooklyn. The properties are located at 47 New Lots Avenue, 609-615 Osborn Street, and 120-122 Liberty Avenue. The three properties are small, underutilized sites and are currently vacant. The application proposed the development of two residential buildings and one mixed-use … <Read More>
Search Results for: Tax Lien
City Council Passes Legislation Enhancing HPD’s Ability to Recoup Relocation Expenses
Intro 30-A gives HPD liens a stronger position. On August 14, 2019, City Council passed Intro 30-A providing that the City’s Department of Housing Preservation and Development’s (“HPD”) orders to vacate the premises, and the subsequent costs to relocate the displaced tenant would now be considered high status tax liens on the property. The law is intended to discourage the negligence of building owners and give HPD an ability to recover relocation expenses of those … <Read More>
From Fiscal Crisis to Thriving City with Social Mission Intact
New York Law School presented Stanley Brezenoff with the Civic Fame award at the Fifth Annual Civic Fame Breakfast held at New York Law School on April 26, 2019. The certificate of award acknowledged Brezenoff‘s 40-year career in managing governmental institutions with unequaled persistence, skill and determination from the days of the fiscal crisis to today’s thriving City, and for his relentless efforts to preserve and enhance the social mission of the City of New … <Read More>
City Planning Hears Proposal to Convert Three City-Owned Properties to Affordable Housing
All three proposed buildings would come with amenities for residents including outdoor areas and laundry rooms. On June 19, 2019, the City Planning Commission held a public hearing on an application to convert three City-owned properties located in the East New York neighborhood of Brooklyn to new affordable housing buildings. All three properties are currently vacant. The three proposed buildings would result in 41 affordable units and one superintendent’s unit.
HPD and Private Developers Partner to Bring 235-Unit Affordable Building to Bedford-Stuyvesant
The project will be financed under an HPD program that requires low and extremely low income affordability and set-asides for the formerly homeless. On March 27, 2019, the City Planning Commission voted to approve an application that will bring a 14-story affordable mixed-use development with 235 residential units to 1921 Atlantic Avenue in the Bedford/Stuyvesant neighborhood of Brooklyn. The application was brought by the Department of Housing Preservation and Development in conjunction with DTF Atlantic, … <Read More>
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.