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>


Report Identifies Flaws in DOB’s Auditing of Professionally Certified Applications

Comptroller’s audit found that Buildings generally implemented adequate controls over construction permit applications, but issued three recommendations to ensure public safety. On June 17, 2016, the Officer of the Comptroller Scott Stringer released a report of an audit conducted on the Department of Buildings’ processing of construction permits. The audit determined that Buildings’ controls for the processing of application were implemented consistently, that there were appropriate separation of duties, and an adequate application tracking system. … <Read More>


City Developer Denied Tax Abatement

Court found that application was not filed within the statutory time period of one year. On January 27, 2016, the New York State Supreme Court denied a Brooklyn developer’s petition to reverse a Department of Finance decision to not grant a tax abatement. The Developer, 96 Wythe Acquisitions, filed the petition after the Department of Finance denied the application for the tax abatement because it was not filed within the mandatory one-year requirement. 96 Wythe … <Read More>


$350 Million Investment In Affordable Housing

Partnership announced to establish a $350 million fund to support affordable housing throughout the City. On July 30, 2014, Mayor Bill de Blasio and Comptroller Scott M. Stringer announced a partnership to establish a $350 million fund to support affordable housing throughout New York City. The new financing was raised through the support of Citi, the New York City Retirement Systems, the New York City Housing Development Corporation, Wells Fargo, Morgan <Read More>