City Finances 30,000 Affordable Homes in 2020

The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026. On February 9, 2021, Mayor Bill de Blasio announced that the City financed the construction and preservation of 29,521 affordable homes in 2020. Fifty-seven percent of the affordable homes financed in 2020 will serve families of three that earn less than $52,000 per year. The city has financed over 177,000 homes through the Housing … <Read More>

City Planning Approves Application for Supportive and Affordable Housing in East New York

The new building will have 43 apartments for formerly homeless individuals. On January 9, 2019, the City Planning Commission voted unanimously to approve an application for the development of a seven-story residential building at 461 Alabama Avenue in the Brownsville section of Brooklyn. The City Planning Commission held a public hearing for the application on December 5, 2018. The applicant team consisted of the Department of Housing Preservation and Development, CB Emmanuel Realty LLC, … <Read More>

Construction Begins at The Doe Fund’s New Bronx Affordable and Supportive Housing Development

The development will provide onsite supportive services for residents. On December 7, 2018, The Doe Fund broke ground at 3188 Villa Avenue, located in the Bedford Park/Special Grand Concourse District of the Bronx to begin construction of a 68-unit affordable and supportive housing development. The Doe Fund is partnering with Chase Community Development Banking to finance the construction, as well as the Department of Housing Preservation and Development, NYCHA, the Corporation for Supportive Housing, and … <Read More>