New Development Will Bring Affordable Co-Op To First Time Home Buyers

New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program.


New Programs aimed to Help First-time Homeowners

Plan anticipates creating or preserving 20,000 homeownership opportunities by 2026. On December 11, 2017, Mayor Bill de Blasio announced two new programs, Open Door, which aids first-time homeowners buy a condo or coop, and HomeFix, which helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years. These programs are part of the Mayor’s 300,000 affordable housing plan.


City Council Members Berate Applicant for Withdrawing MIH Commitment; Deny Application

The proposal would allow for the construction of a new ten-unit, four-story residential development on a vacant Brooklyn lot. On December 12, 2016, the City Council’s Subcommittee on Zoning and Franchises heard testimony on an application for the rezoning of three lots at 14–18 Carroll Street, in the Columbia Street Waterfront District neighborhood in Brooklyn Community District 6. The developer proposed the construction a ten-unit residential building on three vacant lots, totaling 6,229 square feet … <Read More>


Council Approved Rheingold Development with a 30 Percent Affordable Housing Requirement

 

Controversial Bushwick development project questioned on affordable housing goals in public hearings. On December 10, 2013, the full City Council voted 48-1 to rezone six blocks in Bushwick, Brooklyn, in order to allow the development of ten mixed-use developments. The rezoning area is bounded by Bushwick Avenue, Flushing Avenue, Melrose Street, Stanwix Street, and Forrest Street.  Council’s Committee on Land Use voted 18-1 and Land Use Subcommittee on Zoning and Franchises unanimously voted 10-0 … <Read More>


Planning Commission Approves NYCHA Housing Project in the Soundview Section of the Bronx

NYCHA-proposed rezoning would facilitate development of two eight-story buildings and 16 attached duplexes on an underutilized parking lot. On August 22, 2012, the City Planning Commission approved NYCHA’s proposal to develop a 238-unit, multi-building affordable housing project in the Soundview section of the Bronx. The 155,000-square-foot project site is on the southeastern edge of a block bounded by Randall, Bronx River, Lacombe, and Rosedale Avenues. NYCHA’s 13-building Soundview Houses housing complex is north of … <Read More>


Second Ave. mixed-income housing project heard

Courtesy – GF55 Architects

Developers would offer home ownership opportunities to low-income tenants displaced by twelve-story project. On February 16, 2011, the City Planning Commission heard testimony on the Department of Housing Preservation and Development’s proposal to allow BFC Partners and the Urban Homesteading Assistance Board (UHAB) to build a twelve-story affordable housing development in the East Village. The 65-unit project would replace two mixed-use buildings at 9 through 17 Second Avenue between East 1st … <Read More>