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>
Search Results for: Affordable Housing
Financing Approved for Affordable Housing Developments
HDC approves the financing to fund 2,226 units of affordable housing. On June 16, 2014, the Board of Directors of the New York City Housing Development Corporation approved the financing for projects in Manhattan, the Bronx, and Brooklyn which will consist of $2756 million in bonds and $88.7 million in subordinate financing for HDC. The money will be used to construct eleven new buildings with 1,259 affordable housing units and preserve and protect seven projects … <Read More>
New Affordable Housing for Artists Open for Application
Former public school has been transformed into affordable housing complex for artists. Artspace P.S. 109 is a 90-unit affordable housing complex that formerly served as an underutilized school building located in 215 East 99th Street in East Harlem, Manhattan. P.S 109 is an 1898 Gothic Revival-style structure that is also listed on the National Register of Historic Places.
Affordable Housing at Domino Sugar Hearing Dominated Council Concerns
Local Williamsburg Council Members Antonio Reynoso and Stephen Levin led questioning of Two Trees Management on Domino Project. On April 1, 2014, the City Council Land Use Subcommittee on Zoning and Franchises heard Two Tree Management’s application for special permits and a zoning text amendment to transform the Domino Sugar Refinery into a mixed-use development. The City Planning Commission voted unanimously in favor of the application on March 5, 2014 following Mayor Bill de … <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>
Speaker Quinn Addresses Affordable Housing in State of the City Address
Presumptive mayoral candidate focuses on solutions to the “middle class squeeze” in speech. On February 11, 2013, City Council Speaker Christine C. Quinn gave her final State of the City Address. Speaker Quinn, who is term limited at the end of this year, is expected to announce her candidacy for mayor in September’s Democratic primary.
Quinn’s speech focused primarily on helping the middle class. The Speaker highlighted The Middle Class Squeeze, a report … <Read More>