The building is expected to expand the City’s manufacturing industry and create more middle class jobs. On November 9, 2017, Mayor Bill de Blasio opened Building 77, one of the central buildings within the Brooklyn Navy Yard Industrial Park. The building and its $185 million renovation is a part of a billion dollar investment financed by Brooklyn Navy Yard Development Corporation, the Mayoral City Capital, the City Council, and the Brooklyn … <Read More>
Search Results for: Development
Expecting to Meet Goals Two Years Ahead of Schedule, Mayor de Blasio Expands the Housing Plan Objectives
The de Blasio administration increases goal to building and preserving 300,000 affordable units by 2026. On October 24, 2017, Mayor Bill de Blasio announced that the administration is on track with meeting the goal of 200,000 units and is expected to meet the goal by 2022, two years ahead of the 2014 plan’s original date. Using the City’s new tools, programs and funding, the City will work to secure 25,000 affordable units annually by 2021. … <Read More>
Mayor Announces $17.5M Allocation for Bushwick Inlet Park
The de Blasio administration furthers efforts to create more public park space for the North Brooklyn community. On October 31, 2017, Mayor Bill de Blasio announced that he will allocate $17.5 million for the development and remediation of two parcels of parkland at Bushwick Inlet Park. $7.7 million of the allocated funds will go towards developing the 50 Kent site into a new park while the remaining $9.8 million will go toward the remediation … <Read More>
One Year Under Mandatory Rules Produces 4,700 Affordable Units
Mayor and City Council celebrate progress in production of affordable housing units since the passage of mandatory affordable rules one year ago. March 22, 2017, marked the one year anniversary of the Mandatory Inclusionary Housing program. The program, which requires developers to include permanently affordable housing whenever a special permit or a rezoning significantly increases the underlying potential residential floor area, has received both praise and chastisement from advocates and Council Members.
City Commits $1 Billion to Fix NYCHA Roofs
City to slate $1 billion in City capital for the replacement of over 700 deteriorating roofs in next decade. On January 24, 2017, Mayor Bill de Blasio and New York City Housing Authority Chair Shola Olatoye announced a capital commitment of $1 billion to replace deteriorating roofs on buildings owned by the NYCHA over the next 10 years. The Mayor had previously committed $300 million in 2015 over three years. The $1.3 billion is expected … <Read More>
City Housing Commissioner Steps Down After Three Years of Progress
Vicki Been stepped down as Commissioner of the Department of Housing Preservation and Development to return to academia. On January 17, 2017, Mayor Bill de Blasio announced that Commissioner Vicki Been would step down to return to teaching at New York University as the Boxer Family Professor of Law and Faculty Director of the Furman Center. Prior to her appointment, Been served as the Director of NYU’s Furman Center for Real Estate and Urban Policy, … <Read More>