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.
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Louise Carroll Appointed Commissioner of HPD
Carroll previously worked with HPD on housing incentives. On May 2, 2019, Mayor Bill de Blasio announced Louise Carroll as the new Commissioner of the Department of Housing Preservation and Development. Carroll, whose career in public service includes prior work with HPD to protect tenants, will work on preservation to avoid tenant displacement and work with the Mayor’s Office to Protect Tenants.
New Development Will Bring Affordable Co-Op To First Time Home Buyers
New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program.