On January 31, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that Apex Building Group and Bridge Street Development Corporation will be building 116 homes for low-income families at 516 Bergen Street in Prospect Heights, Brooklyn. The announcement comes in light of Mayor Adams’ push for affordable housing advancements on publicly owned land. Mayor Adam’s 24 in 24 plan is seeking to create or preserve around 12,000 units of housing … <Read More>
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HPD Launches Month-Long Affordable Housing Push with Over 500 Units Planned at Inwood Waterfront Site
On January 29, 2024, the Department of Housing Preservation and Development began a month-long effort to advance affordable housing projects on public sites citywide as part of Mayor Eric Adams’ “24 in 24” plan. The plan, announced in his State of the City address, aims to advance 24 affordable housing projects on public sites in 2024 to create or preserve over 12,000 affordable units. The first site is currently an unused city-owned parking lot on … <Read More>
DDC Celebrates Completion of City Hall Steps Renovation Project
On January 19, 2024, the Department of Design and Construction announced the completion of the renovation of the historic steps in front of City Hall in Lower Manhattan. City Hall is a designated New York City landmark.
NYCHA Announces Completion of Over $24 Million in Security and Safety Upgrades
On November 27, 2023, the New York City Housing Authority announced that over $24 million in safety and security upgrades had been completed at 23 campuses citywide. The developments that received upgrades included: Bailey Avenue-West 193rd Street, Marble Hill, Melrose, Mill Brook, Monroe, and Sedgwick in the Bronx; Farragut, Hughes, Kingsborough, and Pink in Brooklyn; Dyckman, Elliott, Fulton, Grant, King Towers, LaGuardia, LaGuardia Addition, and Rangel in Manhattan; Pomonok in Queens, and Berry in Staten … <Read More>
Comptroller Audit Finds Non-Compliance with “Fair Share” Charter Provisions
On November 9, 2023 the New York City Comptroller released an audit and report detailing the failures of the City to comply with “Fair Share” Requirements for City Services and Facilities. Under the 1989 City Charter Revisions, “Fair Share provisions” require that the City must make an effort to provide communities with their fair share of amenities and the City must make an effort to combat citywide issues equitably among all communities. The new analysis … <Read More>
Council Passes Bill to Provide Small Businesses with More Financial Information
On September 14, 2023, the City Council passed Int. No. 969-A, which requires the Department of Small Business Services to provide information on local community development financial institutions on the city’s one-stop shop business services portal. According to the U.S. Department of the Treasury, community development financial institutions are financial lenders that help, “promote access to capital and local economic growth in…low-income communities… through monetary awards and the allocation of tax credits.”