Preservation of Section 8 properties will prevent conversion to market-rate housing. On August 15, 2018, the Housing Preservation and Development, the Housing Development Corporation, and the LIHC Investment Group announced the preservation of 669 units of project-based Section 8 housing in high-cost City neighborhoods where similar buildings have been converted to market-rate housing. (read more…)

Sketch of new building adjacent to smaller existing Section 8 building. Image credit: Bedford Arms LLC

Zoning Subcommittee heard proposal on new Brooklyn nine-story affordable building. On May 30, 2017, the City Council’s Zoning Subcommittee heard testimony on an application by Bedford Arms, LLC, to develop a nine-story building with 48 income-restricted dwelling units and 46 government assisted units in Brooklyn’s Crown Heights neighborhood. Stuart Beckerman, of Slater & Beckerman P.C., presented the project to the subcommittee. The applicant sought to up-zone the development site and to designate the site as a Mandatory Inclusionary Housing Area. (read more…)