The City estimates the program will assist in the acquisition of approximately 35 vacant sites over the next five years. On March 8, 2019, the New York City Department of Housing Preservation and Development announced a new program to advance the process for affordable housing development by providing loans for upfront costs to nonprofit developers. The New York City Down Payment Assistance Fund (DPAF) seeks to speed up the development process for affordable housing by … <Read More>
Search Results for: Site Development
Construction Begins at The Doe Fund’s New Bronx Affordable and Supportive Housing Development
The development will provide onsite supportive services for residents. On December 7, 2018, The Doe Fund broke ground at 3188 Villa Avenue, located in the Bedford Park/Special Grand Concourse District of the Bronx to begin construction of a 68-unit affordable and supportive housing development. The Doe Fund is partnering with Chase Community Development Banking to finance the construction, as well as the Department of Housing Preservation and Development, NYCHA, the Corporation for Supportive Housing, and … <Read More>
Construction Begins for Nearly 1,000-Unit Affordable Housing Development in Coney Island
The mixed-use development will include affordable units, deployable food barriers, and retail frontage. On November 1, 2018, New York City’s Department of Housing Preservation and Development (HPD) announced that the start of construction of a block-sized development on Surf Avenue in Coney Island that will provide below-market-rate housing, retail, and office space to the community. The mixed-use development is projected to cost $253.9 million and will offer 446 affordable units, ranging from studios to two-bedrooms, … <Read More>
Development Will Add Eight Affordable Units in Melrose
New development on current vacant lot will include eight affordable units and ground floor commercial space. On September 5, 2018, the City Planning Commission held a public hearing on an application by the Department of Housing Preservation and Development (HPD) for the acquisition of property at 599 Courtlandt Street in the Melrose section of the Bronx. The property is located between East 150th and East 151st Streets. The applicants plan to build a … <Read More>
Residents Oppose New Development In Bushwick
Applicant faces uphill battle to turn parking lot into residential building. On June 13, 2018, the City Planning Commission held a public hearing on an application by Camber Property Group for rezoning at 1601 DeKalb Avenue in Bushwick, Brooklyn. The rezoning will facilitate the construction of a new residential building. The rezoning will affect three lots owned by Camber and seven lots not owned by the applicant. The new building, however, will be constructed on … <Read More>
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.