New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]

UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>

Overhaul of Rent Subsidy Program to Fix New York State Homelessness; Save Hundreds of Millions

State Assemblymember may have answer to finally reverse the homelessness trend. Recently, the de Blasio Administration heralded that its efforts to prevent homelessness in New York City have had some success. On September 29, 2016, City Hall announced that thanks to its “unprecedented array of programs” some 7,000 New Yorkers were able to avoid the City’s shelter system. The Department of Homeless Services now shelters 60,000 instead of the projected 67,000 (the projection was largely … <Read More>

Center for NYC Neighborhoods Hosts Panel on Affordable Homeownership

The keynote panel focused on the issues and challenges raised by affordable housing creation and preservation in New York City.  On September 30, 2015, the Center for NYC Neighborhoods held its conference on the Future of Affordable Homeownership in NYC.  The event was hosted at New York Law School and sponsored by NYLS, JPMorgan Chase, Goldman Sachs, the Center for Real Estate Studies, the Center for New York City Law, and several other … <Read More>

West 129th Street cul-de-sac eliminated for charter school

NYCHA proposal would restore West 129th Street in the St. Nicholas Houses as part of Harlem Children’s Zone’s charter school plan. On March 30, 2011, the City Planning Commission approved the New York City Housing Authority’s proposal to re-connect West 129th Street and Frederick Douglass Boulevard in Harlem. The City in the 1950s closed a portion of West 129th Street by creating a cul-de-sac … <Read More>