HDC approves the financing to fund 2,226 units of affordable housing. On June 16, 2014, the Board of Directors of the New York City Housing Development Corporation approved the financing for projects in Manhattan, the Bronx, and Brooklyn which will consist of $2756 million in bonds and $88.7 million in subordinate financing for HDC. The money will be used to construct eleven new buildings with 1,259 affordable housing units and preserve and protect seven projects … <Read More>
Search Results for: Housing
Court finds City discriminated in housing project
Judge enjoined City’s redevelopment proposal for area straddling Williamsburg and Bedford-Stuyvesant. In December 2009, the City Council approved the Department of Housing Preservation and Development’s redevelopment proposal for the Broadway Triangle Urban Renewal Area in South Williamsburg, Brooklyn. The seventeen-block urban renewal area was created in 1989 and is primarily located within Community District 1, with a six-block portion within Community District 3. CD 1 is predominately white with a large Hasidic community, and CD … <Read More>
Housing project along Harlem River approved
- Courtesy of GF55 Partners.
Mixed-income project will replace welfare center and provide more than 300 apartments and a day care center. On April 6, 2011, the City Council unanimously approved the Department of Housing Preservation and Development’s proposal to allow L+M Development and Artimus Construction to develop a 313-unit affordable housing project on a City-owned lot adjacent to the Harlem River in Manhattan. The lot is bounded by Park Avenue, Harlem River Drive, and … <Read More>
Second Avenue mixed-income housing approved
Tenants displaced by project can purchase or rent affordable apartments in new building. On April 6, 2011, the City Council approved the Department of Housing Preservation and Development’s proposal to allow BFC Partners and The Urban Homesteading Assistance Board to redevelop three lots at the corner of Second Avenue and East 1st Street in the East Village. The development team will build a twelve-story, 79-unit affordable housing project with ground floor commercial space. The … <Read More>
Bronx affordable housing approved by Council
- Courtlandt Crescent/Melrose Commons. Image: Courtesy of HPD.
Project will include two connected buildings and more than 200 units of low- and moderate-income housing. The City Council approved the Department of Housing Preservation and Development’s proposal to allow Phipps Houses to build a 217-unit affordable housing project in the Melrose section of the Bronx. The two-building development, known as Courtlandt Crescent, will wrap around the northeast portion of a block bounded by East 161st and East … <Read More>
Second Ave. mixed-income housing project heard
- Courtesy – GF55 Architects
Developers would offer home ownership opportunities to low-income tenants displaced by twelve-story project. On February 16, 2011, the City Planning Commission heard testimony on the Department of Housing Preservation and Development’s proposal to allow BFC Partners and the Urban Homesteading Assistance Board (UHAB) to build a twelve-story affordable housing development in the East Village. The 65-unit project would replace two mixed-use buildings at 9 through 17 Second Avenue between East 1st … <Read More>