City Officials Celebrate Opening of Casa Celina, 100 Percent Affordable Senior Housing in Soundview

On June 11, 2024, officials from the Department of Housing Preservation and Development, New York CIty Housing Authority, and New York City Housing Development Corporation celebrated the opening of Casa Celina, a building for New York’s seniors featuring over 200 new affordable units. The building is located on NYCHA’s Justice Sonia Sotomayor campus in the Soundview section of the Bronx. 

HPD Celebrates Opening of 375 Affordable Unit Development in Greenpoint

On April 3, 2024, the Department of Housing Preservation and Development, the New York City Housing Development Corporation, elected officials and project partners celebrated the opening of 35 Commercial Street, a new affordable residential development that is part of Greenpoint Landing in Brooklyn. Greenpoint Landing is a 22-acre site along the East River waterfront that is being master-planned and developed by Park Tower Group, and is expected to have 5,500 total residential units once completed. 

City Planning Approves Green Fast Track Rule to Expedite Some Environmentally-Friendly Housing Projects

On March 20, 2024, the City Planning Commission voted to approve the Green Fast Track for Housing rule, a new rule to reduce the cost and time to approve certain modest and eco-friendly buildings by exempting them from review under the State Environmental Quality Review or City Environmental Quality Review laws. State law permits city agencies to have the authority to propose new rules that can allow certain projects to undergo a more streamlined process. 

HPD Announces Historically Low Rental Vacancy Rate

On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running <Read More>