logo CityLand
      • Home
      • About CityLand
      • CityLand Sponsors
      • Filings & Decisions
      • Commentary
      • Archive
      • Resources
      • CityLaw
      • Current Issue

    City Finances 30,000 Affordable Homes in 2020

    Affordable Housing  •  Citywide

    Renderings of the new co-op buildings that will be part of the Soundview campus, one of the many projects initiated by the City in 2020. Image Credit: NYCHA

    The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026. On February 9, 2021, Mayor Bill de Blasio announced that the City financed the construction and preservation of 29,521 affordable homes in 2020. Fifty-seven percent of the affordable homes financed in 2020 will serve families of three that earn less than $52,000 per year. The city has financed over 177,000 homes through the Housing New York plan since 2014. The city has leveraged over $7.4 billion in city capital subsidy to drive a $39.4 billion investment for the five boroughs. (read more…)

    Tags : affordable housing, housing for formerly homeless, Mitchell-Lama, senior housing, supportive housing, supportive services
    Date:02/25/2021
    Category : Mayor
    Leave a Comment

    Mayor Finances 25,299 Affordable Homes for the Fiscal Year 2019

    Affordable Housing  •  Citywide

    Image credit: Mayoral Photography Office

    City pushes forward on its goal to create 300,000 affordable homes and produces a record number of affordable units for homeless, seniors, and those in need of supportive services. On July 30, 2019, the Office of the Mayor announced that the City has financed 25,299 affordable homes for 2019. The Mayor plans to finance 300,000 affordable homes through the Housing New York plan by 2026. (read more…)

    Tags : affordable housing, affordable independent residences for seniors, AIRS, City financing of affordable housing, housing for formerly homeless, Housing for seniors, Housing New York, HPD, Mayor's Office, supportive housing
    Date:08/06/2019
    Category : Mayor
    Leave a Comment

    HPD Announces Construction of First Phase of 740-Unit Affordable Mixed-Use Development in South Bronx

    Affordable Housing  •  Hunts Point, Bronx

    Rendering of the Peninsula. Image Credit: WXY Architecture + Urban Design and Body Lawson Associates/HPD.

    Phase One of the development will yield 183 units of deeply affordable housing ranging from studios to three-bedrooms. On July 16, 2019, the Department of Housing Preservation and Development (HPD),the Housing Development Corporation (HDC), the New York City Economic Development Corporation (NYCEDC) and private developers announced plans to construct the first phase of the Peninsula, a 100 percent affordable mixed-use development in the Hunts Point neighborhood of the Bronx. The project will be constructed on the site of the former Spofford Juvenile Detention Center. (read more…)

    Tags : 740 housing units, community facilities, cultural arts workspace, deeply affordable housing, health and wellness center, housing for formerly homeless, mixed-use affordable development, open space, Peninsula, Phase One of the Peninsula
    Date:07/30/2019
    Category : Department of Housing Preservation & Development
    Leave a Comment

    City Planning Hears Proposal to Convert Three City-Owned Properties to Affordable Housing

    UDAAP  •  East New York, Brooklyn

    Rendering of the proposed building at 581-583 Belmont Avenue in Brooklyn. Image Credit: Kenneth Church/CPC.

    All three proposed buildings would come with amenities for residents including outdoor areas and laundry rooms. On June 19, 2019, the City Planning Commission held a public hearing on an application to convert three City-owned properties located in the East New York neighborhood of Brooklyn to new affordable housing buildings. All three properties are currently vacant. The three proposed buildings would result in 41 affordable units and one superintendent’s unit. (read more…)

    Tags : 190 Essex Street, 223-227 Vermont Street, 581-583 Belmont Avenue, affordable housing, Department of Housing Preservation and Development, Disposition of City-owned property, housing for formerly homeless, UDAAP, UDAAP Designation and Project Approval
    Date:06/27/2019
    Category : City Planning Commission
    Leave a Comment

    HPD, NYSHCR, Private Developers and Others Announce Opening of New 135-Unit Affordable Kingsbridge Heights Development

    Affordable Housing  •  Kingsbridge Heights, Bronx

    Image Credit: HPD.

    The newly-constructed $70.5 million housing project is affordable, energy efficient, and provides housing and supportive services to formerly homeless families. On May 22, 2019, the New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas, Deputy Mayor for Housing Vicki Been, Department of Housing Preservation and Development Commissioner Louise Carroll, B&B Urban, L+M Development Partners and the Center for Urban Community Services announced the opening of a newly-constructed affordable housing development, Kingsbridge Heights Apartments, at 2700 Jerome Avenue in the Kingsbridge Heights neighborhood of the Bronx. The 13-story development offers 135 residential units, over 1,200 square feet of ground floor retail space, 17 parking spaces and comes with several amenities for residents. (read more…)

    Tags : 2700 Jerome Avenue Bronx, affordable housing, Center for Urban Community Services, energy-efficiency, Extremely Low & Low-Income Affordability Program, housing for formerly homeless, HPD, Kingsbridge Heights Apartments, NYS $20 Billion Housing Plan, NYSERDA, NYSHCR
    Date:06/03/2019
    Category : Department of Housing Preservation & Development
    Leave a Comment

    Subscribe To Free Alerts


    Follow Us on Social Media

    twitterfacebook

    Search

    Search by Category

      City Council
      CityLaw
      City Planning Commission
      Board of Standards & Appeals
      Landmarks Preservation Commission
      Economic Development Corporation
      Housing Preservation & Development
      Administrative Decisions
      Court Decisions
      Filings and Decisions
      CityLand Profiles

    Search by Date

    © 1997-2010 New York Law School | 185 West Broadway, New York, NY 10013 | 212.431.2100 | Privacy | Terms | Code of Conduct | DMCA | Policies
     

    Loading Comments...