The Mayor’s Administration moves to deepen affordability of housing for lowest-income families and to aid more senior citizens. On February 10, 2017, Mayor Bill de Blasio announced two new housing initiatives to help seniors, veterans and families who are suffering the most from the housing crisis. The Mayor intends to increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000 a year. Of those additional 10,000, the Mayor … <Read More>
Search Results for: Affordable Housing
City Council Members Torres and Levine Introduce Bill to Create Affordable Housing Watchlist and Online Map
The watchlist and online map would keep track of affordable housing rental units at-risk of becoming unaffordable, as defined by specified criteria. On April 7, 2016, New York City Council Members Ritchie Torres and Mark Levine introduced a bill to implement the creation of a watchlist for affordable residential rental units Citywide that are at risk of losing their affordable-housing status. The bill provides the requisite criteria to be met by a residential rental unit … <Read More>
City Council Holds Hearing on Hotel-to-Condo Conversion Moratorium [UPDATE: CITY COUNCIL APPROVES EXTENSION]
UPDATE: On May 10, 2017, the City Council voted 45-4 to approve the extension of the moratorium on hotel-to-condo conversions within the Borough of Manhattan. Council Members Daniel Garodnick, David Greenfield, Steven Matteo, and Paul Vallone all voted in the negative. The Committee on Housing and Buildings previously voted 11-0 on May 8, 2017. The bill will now go to the Mayor’s desk for his signature.
City Council Committee heard testimony in considering an extension … <Read More>
Subcommittee Criticizes City’s Lack of Planning at Lambert Houses [UPDATE: City Council Approves with Modifications]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lambert Houses application with modification. The approved application now includes the Mandatory Inclusionary Housing option with deep affordability—half of the apartments will now be affordable for those making 30 percent or less of the average median income. The City has committed $12.3 million for infrastructure improvements in the West Farms area, including the construction of two new schools in the area—adding at … <Read More>
New York Botanical Garden Issues Request for Proposals for Major Mixed-Use Development
The request seeks proposals that incorporate a hotel, residential units, and retail space. On January 19, 2016, the New York Botanical Garden issued a request for proposals to construct a mixed-use development on an “acre-plus parcel” of land that sits at the south-east corner of Webster Avenue and Bedford Park Boulevard, which is directly adjacent to the Botanical Garden’s parking garage. The development would be part of a larger district-wide transformation that has been underway … <Read More>
Domino Sugar Refinery Project Nears Final Approval with Modifications
Council Members criticize Domino Sugar project despite “deeper affordability.” On April 24, 2014, the City Council Land Use Committee voted 19-0 to approve an application by Two Trees Management to redevelop the Domino Sugar Refinery into a 2.2 million sq. ft. residential, retail, and commercial office spaces with several acres of public esplanade and parkland along the East River waterfront. (See more CityLand coverage here.) The Land Use Subcommittee for Zoning and Franchises voted … <Read More>