At the CityLaw breakfast on August 28, 2015, Carl Weisbrod provided an update on the de Blasio Administration’s housing plan, which Weisbrod described as now in its “toddler” stage. The de Blasio program is the most ambitious of its kind in the country, and the biggest in New York since the Koch Administration. Today, the City is managing the problems of success: continued growth and a shortage of housing. Conversely, in the Koch era, … <Read More>
Search Results 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>
Weisbrod Highlights East New York as Test for Affordable Housing
At the CityLaw Breakfast on September 5, 2014, Carl Weisbrod laid out the De Blasio Administration’s housing policy. As was widely reported, the City will look to implement mandatory inclusionary housing on all City-sponsored rezonings. One of the first tests of this new policy is the privately sponsored Astoria Cove development in Queens, where an affordable component will likely be required if approved under ULURP.
Citizens Budget Commission Report: Lack of NYC Affordable Housing not as severe as other Cities
CBC report compares New York City’s lack of housing affordability to 22 other cities. On August 6, 2014, the Citizens Budget Commission released a report studying the scale of New York City’s affordable housing problem by comparing New York City to twenty-two other U.S. cities that were either among the largest U.S. cities by population, or the centers of the largest metropolitan areas by population. The study covers a thirteen-year time period, 2000 to 2012. … <Read More>
Financing Approved for Affordable Housing Developments
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 … <Read More>
Affordable Housing at Domino Sugar Hearing Dominated Council Concerns
Local Williamsburg Council Members Antonio Reynoso and Stephen Levin led questioning of Two Trees Management on Domino Project. On April 1, 2014, the City Council Land Use Subcommittee on Zoning and Franchises heard Two Tree Management’s application for special permits and a zoning text amendment to transform the Domino Sugar Refinery into a mixed-use development. The City Planning Commission voted unanimously in favor of the application on March 5, 2014 following Mayor Bill de … <Read More>