HPD Announces New Apartment and Theater in Mott Haven as Part of “24 in 24” Initiative

On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>


DOT Celebrates Ten Years of Vision Zero

On February 15, 2024, the Department of Transportation celebrated the ten-year anniversary of the Vision Zero safety program, the City’s ongoing efforts to reduce and prevent deaths and serious injuries from traffic accidents and crashes. New York City was the first American city to develop a Vision Zero program. In over a century of recorded data, 2023 was the second safest year for pedestrians in New York City, and eight of the top ten safest <Read More>



HPD Announces Historically Low Rental Vacancy Rate

On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running <Read More>


HPD Announces Bergen Green Affordable Housing Project in Latest 24 in 24 Push

On January 31, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that Apex Building Group and Bridge Street Development Corporation will be building 116 homes for low-income families at 516 Bergen Street in Prospect Heights, Brooklyn. The announcement comes in light of Mayor Adams’ push for affordable housing advancements on publicly owned land. Mayor Adam’s 24 in 24 plan is seeking to create or preserve around 12,000 units of housing <Read More>