On August 8, 2018, the City Council approved the Inwood Neighborhood Rezoning amidst resident concerns and disapproval. Mayor Bill de Blasio and Council Member Ydanis Rodriguez celebrated the rezoning approval. The rezoning was developed over the course of three years and affects 59 city blocks in the northern Manhattan neighborhood. The Economic Development Corporation, together with the Department of Housing Preservation and Development, the Department of Citywide Administrative Services, and the Department of Small Business … <Read More>
Search Results for: Acquisition
Owner Wins Rent Stabilization Dispute
Tenants of a Tribeca high rise luxury rental building claimed protection of rent stabilization. Tenants of Tribeca House, a luxury rental residential building located at 50 Murray Street, Manhattan claimed that the owner of the building overcharged the tenants. Tribeca House, a twenty-one-story luxury loft apartment building, has 389 apartments comprised of studio, one, two, and three bedroom units.
Request for Qualifications Used To Match Buildings With Buyers
Request for Qualifications will be used to identify potential buyers who will preserve and maintain affordability. On April 5, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer announced the release of a Request for Qualifications to establish a list of Qualified Preservation Buyers. The Request for Qualifications will identify qualified buyers to purchase and rehabilitate buildings in the City. It will be used as a resource to create a list for potential sellers to find … <Read More>
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.
CPC Approves Mixed-Use Development with Community Gardens in East Harlem
A three-building mixed-use project will create 655 affordable housing units, 4 community gardens, an elevated public courtyard, space for Mt. Sinai medical offices and a DREAM charter school in East Harlem. On October 2, 2017, the City Planning Commission issued a favorable report on the Sendero Verde application submitted by NYC Department of Housing Preservation and Development (“HPD”). The application will facilitate the development of three mixed-use buildings containing 655 affordable units, commercial and community … <Read More>
Mayor Announces $17.5M Allocation for Bushwick Inlet Park
The de Blasio administration furthers efforts to create more public park space for the North Brooklyn community. On October 31, 2017, Mayor Bill de Blasio announced that he will allocate $17.5 million for the development and remediation of two parcels of parkland at Bushwick Inlet Park. $7.7 million of the allocated funds will go towards developing the 50 Kent site into a new park while the remaining $9.8 million will go toward the remediation … <Read More>