City Finances 30,000 Affordable Homes in 2020

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 … <Read More>

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

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.

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

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 … <Read More>

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

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.

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

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<Read More>