HPD’s Cornerstone Housing Program audited

Comptroller found that HPD was successful in ensuring that the primary housing goals of the Cornerstone Program were met. In 2000, HPD established the Cornerstone Program, a new construction initiative designed to expand private housing and increase the City’s affordable unit housing stock. The primary goals of the Cornerstone Program are two-fold: sell City-owned land, usually for a small fee, to encourage private residential development, and create affordable rental and homeownership units in specific neighborhoods. … <Read More>