The City Council holds an oversight hearing on NYCHA’s public-private partnership agreement. Image credit: CityLand

NYCHA Chairwoman Shola Olatoye answered questions on the Triboro Preservation Partners agreement.  On February 10, 2015 the City Council Committee on Public Housing held an oversight hearing on Triborough Preservation Partners, a public-private agreement between the New York City Housing Authority, L+M Development Partners, and BFC Partners. The venture was designed to rehabilitate six of NYCHA’s Section 8 properties containing nine hundred units: Bronxchester Houses, Saratoga Square, Campos Plaza, Milbank-Frawley, East 4th Street, and East 120th Street.  Under the terms of the agreement, L+M and BFC own a fifty percent stake in the properties over the next thirty years.

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City Planning Chairman Carl Weisbrod & HPD Commissioner Vicki Been are sworn in before the Council’s oversight hearing. Image credit: William Alatriste, NYC Council

HPD, City Planning, NYCHA among those who answered questions on the results and direction of Mayor Bill de Blasio’s plan.  On November 17, 2014, the City Council Committee on Housing and Buildings, joined by the Committee on Land Use and Committee on Community Development, held an oversight hearing on Housing New York, Mayor Bill de Blasio’s affordable housing plan. The Council heard testimony over the course of seven hours from Housing Preservation and Development Commissioner Vicki Been, City Planning Commission Chairman Carl Weisbrod, along with representatives from the New York City Housing Authority, the Housing Development Corporation, labor unions, tenant advocacy groups, and other stakeholders.

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The property tax exemptions will affect seven buildings in Brooklyn Community Board 16. Image credit: Department of City Planning

Dean Atlantic HDFC received property tax exemption for seven buildings.  On August 21, 2014, the City Council voted 47-0 to approve an Article XI property tax exemption on seven buildings owned by the Dean Atlantic Housing Development Finance Corporation.  The Department of Housing Preservation and Development requested the exemption from the City Council on Dean Atlantic’s behalf.  The buildings are all in Brooklyn Community Board 16, covering the Ocean Hill and Brownsville communities.  Six of the buildings are located in an area bounded by Atlantic Avenue to the north, Dean Street to the south, Rockaway Avenue to the west and Eastern Parkway to the east.  The seventh building is located further south at the corner of Park Place and Saratoga Avenue.  The buildings are either  two-or three-stories for a total of twelve residential units, with five of the buildings featuring a commercial space on the ground floor.  The residences are two- and three-bedroom units.

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Council Member Brad Lander

The shortage of affordable housing is felt in every corner of our City. Reasonably priced options are elusive– jeopardizing many residents’ personal security and eradicating diversity from our communities. Our rapidly growing population of elderly New Yorkers is especially vulnerable; seniors face unique challenges at a time when stability is paramount. (more…)

Rendering of Rheingold Development as seen from Bushwick Avenue and Forrest Street, Brooklyn. Image Courtesy of Forrest Lots, LLC.

Controversial Bushwick development project questioned on affordable housing goals in public hearings. On December 10, 2013, the full City Council voted 48-1 to rezone six blocks in Bushwick, Brooklyn, in order to allow the development of ten mixed-use developments. The rezoning area is bounded by Bushwick Avenue, Flushing Avenue, Melrose Street, Stanwix Street, and Forrest Street.  Council’s Committee on Land Use voted 18-1 and Land Use Subcommittee on Zoning and Franchises unanimously voted 10-0 to approve the project. Council Member Charles Barron voted in the negative at the Stated Meeting and Land Use Committee meeting, citing concerns about housing affordability. (more…)