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 Planning Commission Approves Modified Affordable Housing Proposals

Despite expressing broad support for proposals, City Planning calls on City Council to make further modifications.  On February 3, 2016, the City Planning Commission voted to approve the Mandatory Inclusionary Housing and Zoning for Quality and Affordability proposals, which are two of the major programs to be implemented under Mayor Bill de Blasio’s Housing New York plan.  This was the first opportunity for City Planning to present its modified versions of the MIH and ZQA … <Read More>


CPC Approves New Affordable Housing Building in The Bronx

The building will be targeted to low-income and homeless individuals or families.  On April 1, 2015 the City Planning Commission voted to approve an application by the Department of Housing Preservation and Development facilitating construction of a new affordable housing building in The Bronx.  The building will be located at 1561 Walton Avenue in West Concourse, and feature sixty units of rental housing for low-income and homeless individuals and families.


City Council Holds Oversight Hearing on Mayor’s Affordable Housing Plan

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 … <Read More>


HPD Commissioner Been Addresses New Affordable Housing Initiatives

HPD will permit architect self-certification and expand M/WBE developer opportunities. On October 7, 2014, Commissioner Vicki Been of the NYC Housing Preservation and Development gave the keynote address to the annual luncheon of Women in Housing and Finance. Commissioner Been elaborated on and announced new HPD initiatives to advance Mayor Bill de Blasio’s affordable housing plan.


City Council Approves Tax Exemption to Preserve Affordable Housing

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 … <Read More>