Mayor de Blasio, Deputy Mayor Vicki Been and others at ribbon cutting for a new affordable housing development in the Bronx, part of the City’s record year for creating affordable housing citywide. Image Credit: Ed Reed/Mayoral Photography Office.

The City is on track to create and preserve 200,000 affordable homes by the end of Mayor de Blasio’s administration. On July 26, 2021, Mayor Bill de Blasio and Deputy Mayor Vicki Been announced that the City created and preserved 28,310 affordable homes in the 2021 fiscal year.  (more…)

The Northeastern Tower Annex. Image Credit: HPD

The building provides much needed affordable housing for seniors. On July 21, 2021, the Department of Housing Preservation and Development (HPD), other City and elected officials, community leaders and others participated in a ribbon-cutting ceremony for Northeastern Towers Annex at 161-11 132nd Avenue in Jamaica, Queens. Northeastern Towers Annex is a 159 affordable-unit development for seniors.  (more…)

State Senator Michael N. Gianaris debates the HONDA bill at the legislative session on June 9, 2021. Image Credit: New York State Senate

The properties will be owned, operated and managed by selected nonprofit organizations. On June 9, 2020, the New York State Senate and Assembly passed the Housing Our Neighbors with Dignity Act. The Bill, sponsored by Deputy Majority Leader Michael Gianaris and Assemblymember Karines Reyes, allows New York State to partner with nonprofit organizations to finance the acquisition and conversion of distressed hotels and commercial office space into affordable housing. (more…)

Rendering of the Eliza. Image Credit: HPD

The new Eliza project will bring 174 affordable homes and a state-of-the-art public library to the Inwood community. On June 10, 2021, the Department of Housing Preservation and Development announced the Eliza, a mixed use development featuring affordable housing and a public library, and education space, located at 4790 Broadway in Inwood. The project has been fully financed and is moving forward. (more…)

The development team and agency officials break ground on Compass Six in West Farms. Image Credit: NYC HPD

The new affordable housing development will house 261 low-income and formerly homeless  families. On March 19, 2021, Mayor de Blasio and the Department of Housing Preservation and Development announced the groundbreaking of a new affordable housing building in the West Farms section of the Bronx. The building, named Compass Six, is located at 1923 West Farms Road. Compass Six is part of the Compass Resident Development, which will consist of eight buildings and be one of the largest-scale affordable housing developments in the area once completed. The groundbreaking of Compass Six marks the beginning of the final phase of development for the Compass Residence project. (more…)