Image Credit: SBS
Funding from the Avenue NYC and Neighborhood 360 grant programs will be awarded to 24 nonprofits working towards pandemic recovery in low to moderate income neighborhoods. On July 13, 2022, the NYC Department of Small Business Services (SBS) announced it will award $3.8 million in multi-year grants through the Avenue NYC and Neighborhood 360 programs. This investment will be divided among 24 community-based development organizations working in low-to-moderate income neighborhoods. (more…)
Mayor and non-profit community development financial institution announce new program to help religious non-profits build affordable housing. On August 23, 2017, the Local Initiatives Support Corporation NYC, the Department of Housing Preservation and Development and the Mayor’s Office announced the launch of a new initiative to aid non-profits in the construction of new affordable housing. The initiative, called the New York Land Opportunity Program, is a joint venture with the goal of helping faith-based institutions with limited real estate experience based in Manhattan, Bronx and Queens. (more…)
The Zoning for Housing Opportunity text amendment may enable the creation of smaller units like the one above to provide more options for housing. Image Credit: Mayor’s Office
Still in its early stages, Mayor Adams’ proposed zoning text amendment aims to increase affordable housing in the city. On June 1, 2022, Mayor Adams announced his “City of Yes” plan consisting of three citywide zoning text amendments. One of these initiatives, “Zoning for Housing Opportunity,” addresses the city’s housing shortage. Although the text amendment has not yet been drafted, Mayor Adams listed four key housing proposals in his announcement. (more…)
Rendering of the proposed project as seen on East 241st Street. Image Credit: NYC CPC/Aufgang Architects
Rezoning will allow for construction of building with 185 affordable units. On November 14, 2018, the City Planning Commission held a public hearing for a rezoning application that would allow for the construction of a new affordable nine-story mixed-use building in the Wakefield neighborhood of the Bronx. The proposed project site is on the corner of White Plains Road and East 241st, adjacent to the East 241st Street subway terminal along the IRT – 2 train line. The proposed project site currently has several vacant commercial buildings and garages that are surrounded by a construction fence.
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Proposed development site bordered in red. Image credit: New York Botanical Garden
The request seeks proposals that incorporate a hotel, residential units, and retail space. On January 19, 2016, the New York Botanical Garden issued a request for proposals to construct a mixed-use development on an “acre-plus parcel” of land that sits at the south-east corner of Webster Avenue and Bedford Park Boulevard, which is directly adjacent to the Botanical Garden’s parking garage. The development would be part of a larger district-wide transformation that has been underway since 2011.
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