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>
Search Results for: Affordable Housing
City Awards Nonprofits Over $200,000 to Help People with Disabilities Access Affordable Housing
On August 17, 2020, The New York City Department of Housing Preservation and Development, along with Citi Community Development and Investment, awarded nine community-based organizations over $200,000 to help disabled New Yorkers apply for affordable housing. This assistance is provided through the Department’s Housing Ambassador Program, which connects nearly two million users on Housing Connect with community organizations that assist with the housing application process.
Mayor Announces FY20 Affordable Housing Statistics
Mayor’s affordable housing announcement appears more retrospective than optimistic. On August 5, 2020, The Mayor’s Press Office released a statement touting the amount of affordable housing created in fiscal year 2020. The announcement states that the City preserved 23,520 homes and constructed 6,503 new units, totaling 30,023 affordable City financed homes. More than 50 percent of these homes serve families earning less than $52,000 and 3,600 people received voucher increases to ameliorate income lost from … <Read More>
City Announces Affordable Housing Tool Amid Gap in Capital Budget
NYC Housing Connect tool intends to make affordable housing searches a more user-friendly experience. On June 16, 2020, New York City Mayor Bill de Blasio announced the launch of “NYC Housing Connect,” an online tool for finding and applying for affordable housing. The new system provides upgrades from its predecessor through a collaborative effort by the Department of Housing Preservation and Development, user-design experts and collected public feedback.
City Secures Affordable Housing for Over 16,000 Households
The City has now produced more than 164,000 units or more than 50 percent of the Mayor’s Housing plan to create 300,000 affordable homes by 2026. On April 3, 2020, Housing Preservation and Development announced the preservation of 16,083 affordable homes for New Yorkers.
Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems
Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.