Image Credit: HPD.

The newly-constructed $70.5 million housing project is affordable, energy efficient, and provides housing and supportive services to formerly homeless families. On May 22, 2019, the New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas, Deputy Mayor for Housing Vicki Been, Department of Housing Preservation and Development Commissioner Louise Carroll, B&B Urban, L+M Development Partners and the Center for Urban Community Services announced the opening of a newly-constructed affordable housing development, Kingsbridge Heights Apartments, at 2700 Jerome Avenue in the Kingsbridge Heights neighborhood of the Bronx. The 13-story development offers 135 residential units, over 1,200 square feet of ground floor retail space, 17 parking spaces and comes with several amenities for residents. (read more…)

City and state officials are concerned that a bankruptcy suit involving 444 East 13th Street will lead to bad precedent undermining rent stabilization laws. (Image Credit: Google Maps)

Government officials fear bad precedent could make it easier for landlords to bypass rent stabilization laws. On March 13, 2019, New York Attorney General Letitia James, the New York State Division of Housing and Community Renewal (NYSHCR) and the New York City Department of Housing Preservation and Development (HPD) announced that the State and City moved to join in an action in United States Bankruptcy Court for the Southern District of New York as part of a fight to protect tenants in rent-stabilized apartments. The owner of 444 East 13^th Street, in the East Village section of Manhattan, applied to reject tenants’ leases. (read more…)