$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, … <Read More>
Search Results for: Affordable Housing
New Laws Target Vacant Land as a Tool for Achieving Affordable Housing Goals
New laws focusing on vacant land throughout the City aims at identifying and reporting lots and buildings that could be used for affordable housing. On January 8, 2018, Mayor Bill de Blasio signed two bills into laws that focus on how vacant land, both public and private, across the city could be used to further accelerate the production of affordable housing. The new laws will advance the Mayor’s Housing New York 2.0 plan to build … <Read More>
Comptroller Audit Finds that HPD Review of Affordable Housing Sponsors Was Effective
Comptroller audit finds that HPD’s controls to ensure that housing incentives were rewarded to qualified applicants were largely effective. On June 27, 2017, the Office of the city Comptroller Scott Stringer released a report of an audit of the Department of Housing Preservation and Development. The audit sought to evaluate whether HPD had adequate controls to ensure that its housing incentive projects were properly awarded to property owners and developers that qualified for the program, … <Read More>
City Planning Holds Thirteen-Hour Hearing on Citywide Affordable Housing Proposals
CPC held the hearing at the National Museum of the American Indian in an attempt to accommodate the large number of guests, however an overflow of testifiers waited on lines outside as the hearing began. On December 16, 2015, the City Planning Commission held a public hearing on Mayor Bill de Blasio’s Mandatory Inclusionary Housing, and Zoning for Quality and Affordability proposals, which are two components of the Mayor’s Housing: New York plan. The public … <Read More>
Commissioner Vicki Been on the de Blasio Administration’s Comprehensive Plan for Affordable Housing
At the CityLaw Breakfast on November 13, 2015 Commissioner Vicki Been outlined the de Blasio Administration’s recent actions and efforts to advance a coherent and far reaching housing policy for New York City, one that provides more affordable housing for low-income and working-class New Yorkers, strengthens neighborhoods, and at the same time protects those residents who are already benefiting from and have a continued need for affordable housing.
Mayor de Blasio Announces Progress on Affordable Housing Plan
17,300 units of affordable housing were created or preserved in 2014. On January 15, 2015, Mayor Bill de Blasio held a press conference to announce the financing of over 17,300 units of affordable housing during 2014. These units, 11,185 preserved and 6,191 of new construction, were financed as a part of the Mayor’s Housing New York plan to preserve and build 200,000 units of affordable housing by the end of Fiscal Year 2024. According to … <Read More>