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    Public and Private Partnership Develops Affordable Mixed-Income Building for Jamaica, Queens

    Affordable Housing  •  Jamaica, Queens

    Image Credit: GF55 Partners/HPD

    The new building will have a variety of amenities and 111 parking spaces for residents. On February 12, 2019, HPD and HDC announced the completion of Alvista Towers, a 380-unit, affordable housing development in Jamaica, Queens. City agencies and private sector firms came together to develop this project as part of the City’s affordable housing initiative. The involved parties were the Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC), Council Member I. Daneek Miller, the Greater Jamaica Development Corporation, Phoenix Realty Group, Goldman Sachs, Wells Fargo, Settlement Housing Fund, the New York City Housing Partnership, and Artimus as the developer of the project. The development was the result of the Special Downtown Jamaica Rezoning, which was adopted by the City in 2007 to foster transit-oriented development in Jamaica.

    (read more…)

    Tags : affordable housing, Department of Housing Preservation and Development’s Asset Sales Program, Housing Development Corporation, I. Daneek Miller, Jamaica, Queens
    Date:03/01/2019
    Category : Housing Preservation & Development
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    City to Create Senior Housing and Community Space Despite Strong Opposition

    Affordable Senior Housing  •  Nolita, Manhattan

    Haven Green Rendering. Image Credit: Curtis + Ginsberg Architects.

    Senior affordable housing proposal would build over existing community park and green space. On Friday December 8, 2017, the New York City Housing and Preservation Department announced development plans that will create 121 affordable senior apartments and a community designed public open space in the Nolita neighborhood of Manhattan. Haven Green, an affordable new senior housing development will be affordable to seniors earning between $20,040 and $40,080 and include housing for formerly homeless seniors.

    The site is presently occupied by the Elizabeth Street Garden, bounded by Elizabeth Street to the east, Mott Street to the West, Prince Street to the North and Spring Street to the South. (read more…)

    Tags : Council Member Margaret Chin, Habitat NYC, Housing Development Corporation, Housing New York 2.0 Plan, Maria Torres-Springer, Pennrose Properties, SAGE
    Date:12/13/2017
    Category : Housing Preservation & Development
    (1) Comment

    Expecting to Meet Goals Two Years Ahead of Schedule, Mayor de Blasio Expands the Housing Plan Objectives

    Affordable Housing  •  Citywide

    Photographer/Mayoral Photography Office

    The de Blasio administration increases goal to building and preserving 300,000 affordable units by 2026. On October 24, 2017, Mayor Bill de Blasio announced that the administration is on track with meeting the goal of 200,000 units and is expected to meet the goal by 2022, two years ahead of the 2014 plan’s original date. Using the City’s new tools, programs and funding, the City will work to secure 25,000 affordable units annually by 2021. With the new annual goal in place, the Mayor announced a new goal of building and preserving 300,000 affordable units by 2026, adding 100,000 additional units to his original goal.

    (read more…)

    Tags : affordable housing, Department of Housing Preservation and Development, Housing and Economic Development, Housing Development Corporation, Mayor Bill de Blasio
    Date:11/10/2017
    Category : Office of the Mayor
    (1) Comment

    Financing Approved for Affordable Housing Developments

    Affordable Housing Financing  •  Manhattan, the Bronx, & Brooklyn

    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 with 967 units of existing affordable housing. (read more…)

    Tags : affordable housing, Department of Housing Preservation and Development, Gary Rodney, Housing Development Corporation, Mayor Bill de Blasio, Mitchell-Llama, Vickie Been
    Date:06/20/2014
    Category : Housing Development Corporation
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