The City Planning Commission heard testimony on four developments, containing 224 units, to be 100 percent affordable housing for at least 30 years. On January 10, 2017, the City Planning Commission held hearings on four Department of Housing Preservation and Development applications to dispose of city-owned properties in order to facilitate four new housing developments. Each development—three in Harlem and one in Sunset Park—will contain varying levels of affordability under HPD loan structures.
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New Housing for the Special Clinton District
Council-approved developments in Special Clinton District will achieve 39 percent affordability across a range of Area Median Incomes. On June 26, 2014, the City Council unanimously voted 48-0 to approve applications which would facilitate the development of two new mixed-use buildings, the rehabilitation of another building, and creation of three new community gardens in the Special Clinton District in Manhattan. The joint applications were proposed by the Clinton Housing Development Company, the New York … <Read More>
New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>