On May 1, 2025, Governor Kathy Hochul celebrated the completion of The Rise, a new affordable and supportive housing development in Brownsville, Brooklyn. The project is located on “Site J” of New York State Homes and Community Renewal’s Vital Brooklyn Initiative, a community development initiative for Central Brooklyn that aims to address local social, economic, and health disparities.
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City Requests Proposals for Hudson Square Affordable Housing and Rec Center Project
On February 14, 2025, New York City Mayor Eric Adams, joined by critical stakeholders, launched the requests for proposals for the 388 Hudson Street development project. The City hopes to transform the underutilized site in the Hudson Square neighborhood into a community-focused mixed-use development. This project is part of the City’s “Manhattan Plan”, which was first announced in his fourth State of the City address last month. The Manhattan Plan aims to create 100,000 new … <Read More>
City Requests Proposals for Affordable Housing, Library Project in the Bronx
On January 28, 2025, New York City Mayor Eric Adams and other critical stakeholders announced they are accepting requests for proposals from interested developers to further a project to build a new library with 100 percent affordable housing where the Grand Concourse Library is currently located in the Bronx.
HPD Celebrates Launch of Project to Transform East Village Parking Lot Into Affordable Housing
On December 11, 2024, New York City Department of Housing Preservation and Development Commissioner Adolfo Carrión Jr. announced a 11,540 square-foot City-owned parking lot, located at 324 East 5th Street in the East Village, will be redeveloped into a housing complex with only affordable housing units.
City Celebrates Office of Environmental Remediation’s Successful Cleaning of 165 Acres of Land, New Housing and Schools
On December 10, 2024, New York City Mayor Eric Adams announced the City, with the assistance of the Office of Environmental Remediation (OER), has transformed 165 acres of previously unusable contaminated land into clean space for 28,000 units of housing, 12,000 of which are affordable housing units, 16 new schools, 2.9 million square feet of community space, and 6.1 million square feet of commercial space.
City Creates New Program to Help Affordable Housing Projects Go Green
On September 26, 2024, New York City Mayor Eric Adams announced the creation of the GreenHOUSE Fund to improve compliance with Local Law 97 for owners of buildings with affordable housing. Since 2019, Local Law 97 has required the majority of buildings over 25,000 square feet to meet new energy-efficient and greenhouse gas emissions requirements. The City’s ongoing climate goals include having the largest buildings produce zero emissions by 2050 and improving air quality.