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>
Search Results for: HPD
Mayor Signs Tenants’ Bill Of Rights into Law
Laws require tenants to be informed of landlord responsibilities and increase penalties for tenant harassment. On September 30, 2014 Mayor Bill de Blasio signed Local Law 45 and Local Law 47 of 2014 into law. The bills, referred to as the Tenants’ Bill Of Rights, were sponsored by Council Member Fernando Cabrera and Council Member Margaret Chin respectively, and are directed to increase protection of New York City tenants.
Call for a Senior Housing Task Force
The shortage of affordable housing is felt in every corner of our City. Reasonably priced options are elusive– jeopardizing many residents’ personal security and eradicating diversity from our communities. Our rapidly growing population of elderly New Yorkers is especially vulnerable; seniors face unique challenges at a time when stability is paramount.
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>