The City estimates the program will assist in the acquisition of approximately 35 vacant sites over the next five years. On March 8, 2019, the New York City Department of Housing Preservation and Development announced a new program to advance the process for affordable housing development by providing loans for upfront costs to nonprofit developers. The New York City Down Payment Assistance Fund (DPAF) seeks to speed up the development process for affordable housing by … <Read More>
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EVENT ANNOUNCEMENT: NYC Real Estate Development and the 2019 Charter Revision – CRES Breakfast Forum Series
Breakfast Forum: “Is a New Power Structure in NYC Real Estate Development and Land Use Coming With the 2019 Charter Revision?”
featuring
Distinguished Panelists
John H. Banks, President, Real Estate Board of New York
David G. Greenfield, CEO, Met Council
Miriam Harris, Executive Vice President, Trinity Place Holdings
Catherine McVay Hughes, Former Chair, Manhattan Community Board 1
Carl Weisbrod, Senior Advisor, HR&A Advisors
Moderator
Ross F. Moskowitz … <Read More>
City to Acquire and Convert Nearly 500 Cluster Units into Affordable Housing
The new affordable housing is part of the de Blasio Administration’s efforts to end cluster site program. On December 4, 2018, Mayor Bill de Blasio announced the progress made by the City for the acquisition and conversion of nearly 500 cluster units across 17 buildings into permanently affordable housing. The City’s plan is part of the administration’s initiative to address the homelessness crisis in New York City and is projected to provide housing for over … <Read More>
Greenpoint Hospital To Become Affordable Housing
Former hospital site will feature 512 affordable units and a new shelter for New Yorkers experiencing homelessness. On September 13, 2018, the Department of Housing Preservation and Development announced that a team had been selected to transform the Greenpoint Hospital site into a mixed-use development. The new development located at 288 Jackson Street will feature approximately 512 affordable units and a new shelter for 200 New Yorkers.
City To Streamline Rental Assistance Programs
Old rental assistance programs will be combined into one. On July 18, 2018, the de Blasio Administration announced the new City Fighting Homelessness & Eviction Prevention Supplement (CityFHEPS) program, which will replace the Living in Communities, the Special Exit and Prevention Supplement, and the City Family Eviction Prevention and Exit Plan Supplements programs, creating one unified rental assistance program. The new CityFHEPS program will simplify the rental assistance process making it easier for New Yorkers … <Read More>
Bill Introduced Will Seek Higher Penalties For Businesses That Fail To Clear Sidewalks
While many are still shoveling snow from the fourth nor’easter of the year, a new bill looks to increase penalties on chain business owners who fail to clear sidewalks. On March 7, 2018, Council Member Justin Brannan introduced a bill that will amend the Department of Sanitation section of the administrative code by increase the penalties for chain business owners who fail to properly remove snow, ice, and dirt from sidewalks following a snowfall. Council … <Read More>