City Shifts Funding to Address Urgent Affordable Housing Needs

$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, … <Read More>


NYCHA and HPD Announce Construction of Affordable Housing Co-Operative Development in the Bronx

Seventy-two co-op units will be available for purchase. On October 2, 2020, the New York City Housing Authority (NYCHA) and the New York City Department of Housing Preservation and Development (HPD) announced that Lemle & Wolff Companies and Avante Contracting Corp will develop a 100 percent affordable homeownership housing development at NYCHA’s Soundview campus in the Bronx. The buildings will be located across the street to the north of Soundview Park along Lacombe Avenue at <Read More>


Mayor Announces FY20 Affordable Housing Statistics

Mayor’s affordable housing announcement appears more retrospective than optimistic. On August 5, 2020, The Mayor’s Press Office released a statement touting the amount of affordable housing created in fiscal year 2020. The announcement states that the City preserved 23,520 homes and constructed 6,503 new units, totaling 30,023 affordable City financed homes. More than 50 percent of these homes serve families earning less than $52,000 and 3,600 people received voucher increases to ameliorate income lost from … <Read More>


Landmarks Approves Modified Plans for Kreischer House Senior Development

The modified design increased the visibility of the Kreischer Mansion on the site. On May 8, 2020, the Landmarks Preservation Commission voted to approve a Certificate of Appropriateness for three actions to facilitate the development of a new senior housing complex, comprising of eleven buildings, surrounding the Kreischer House. The Kreischer House, a two and a half story Victorian-era mansion, and a portion of the land it sits on is a landmarked site in Charleston, … <Read More>



Citywide Policy Adjustments Made by Agencies and Industries Responsible for Housing

COVID-19 outbreak has forced NYCHA and DHS to take extra precaution. Throughout the City and State, agencies and industries responsible for housing individuals, are taking measures and adopting policies to address the COVID-19 health crisis. The policies and measures generally focus on preventing the spread of disease, isolating infected individuals and answering questions on how compromised services would operate. In the hospitality industry many have also implemented policies regarding the refunds and the cancellation of … <Read More>