City neighborhoods report threats to affordable housing. The Association for Neighborhood & Housing Development released its 2018 report on “How Is Affordable Housing Threatened in Your Neighborhood?” The report provided its findings in a chart on all neighborhoods in the five boroughs and indicators of threats to affordable housing. The Association is the umbrella organization of 100 non-profit affordable housing development groups, which serves low- and moderate-income residents in all five boroughs.
affordable housing
Comptroller Report Finds Airbnb Usage Contributed to High Rent Problem
On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.
Construction Begins On Mixed-Use Development In Bronx
One hundred percent affordable buildings will rise in the South Bronx. On April 20, 2018, construction began on two new buildings at La Central in the Bronx. The 1.2 million square-foot development is one of the largest mixed-income projects currently in development in the City. The buildings will be located at 556 and 600 Bergen Avenue.
Church Seeks To Develop Affordable Housing Amidst Opposition From Residents
The 100% affordable housing development faced height and scale opposition by neighborhood residents. On April 11, 2018, the City Planning Commission heard proposals for the 142-150 South Portland Avenue Rezoning in Fort Greene, Brooklyn. The rezoning is led by the Hanson Place Adventist Church, who seeks to develop a mixed-use residential building. The proposal will create a new 13-story building owned by the Church. The plan will also allow for commercial use on the … <Read More>
Requests for Proposals Sought For Affordable Housing Developments At Two Hudson Yards Sites
Two sites located at Hudson Yards will be used for future affordable housing development. On April 9, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer announced the release of a Request for Proposals that seeks qualified teams to develop two city-owned sites into mixed-use affordable housing developments. The sites are located in Hudson Yards in the Hell’s Kitchen neighborhoods.
Request for Qualifications Used To Match Buildings With Buyers
Request for Qualifications will be used to identify potential buyers who will preserve and maintain affordability. On April 5, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer announced the release of a Request for Qualifications to establish a list of Qualified Preservation Buyers. The Request for Qualifications will identify qualified buyers to purchase and rehabilitate buildings in the City. It will be used as a resource to create a list for potential sellers to find … <Read More>