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Posts Tagged ‘ affordable housing ’

Brownsville Will Get 900 Affordable Apartments as Part of $1 Billion Plan

July 26, 2018
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Brownsville housing developments to focus on health, culture and economics to revive poor area By Katie Honan Update July 26, 2018 7:48 p.m. ET New York City has selected three developers to build nearly 900 apartments on three city-owned lots in the Brooklyn neighborhood of Brownsville as part of a $1 billion revitalization plan for…

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Brownsville Plan Update: RFP Designations + NYCxCo-Lab Challenge Winners

July 26, 2018
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For Immediate Release: Thursday, July 26, 2018 Contact: General HPD Press Contact: hpdmedia@hpd.nyc.gov https://www1.nyc.gov/site/hpd/about/press-releases/2018/07/city-announces-plans-for-nearly-900-affordable-homes.page City Announces Plans for Nearly 900 Affordable Homes and Technology Upgrades in Brownsville, Brooklyn  The City provides updates on commitments made in The Brownsville Plan, including development plans for over 880 affordable homes, and infrastructure upgrades Proposals selected in the NYC Co-Lab Challenge will improve…

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De Blasio’s homeless policies just got even crazier

December 12, 2017
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De Blasio’s homeless policies just got even crazier

De Blasio’s plan to use eminent domain to buy and convert homeless shelters known as “cluster sites” into affordable housing only raises the specter of future seizures of private property as the new-shelter effort continues to falter, the New York Post argues.

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De Blasio Seeks to Turn Homeless ‘Cluster Sites’ Into Affordable Housing

December 12, 2017
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De Blasio Seeks to Turn Homeless ‘Cluster Sites’ Into Affordable Housing

New York City Mayor Bill de Blasio is expected to announce today a plan to convert about 800 units of “cluster site” housing for the homeless into affordable housing, dramatically cutting the use of private apartments as homeless shelters, The New York Times reports.

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Look where homelessness is growing — and why

December 7, 2017
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Look where homelessness is growing — and why

The New York Post argues that New York City Mayor Bill de Blasio’s emphasis on rental subsidies to homeless families is responsible for the 4 percent jump in city homelessness, which has contributed to a wider national spike.

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House’s Tax Reform Will Decimate Affordable/Supportive Housing Development

November 27, 2017
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House’s Tax Reform Will Decimate Affordable/Supportive Housing Development

Potential elimination of tax exempt private activity bonds (PAB) which are responsible for about half of the affordable housing development across NYS. While both the Senate and House versions of tax reform would result in huge deficits that will impact all non-defense spending including homeless housing programs, the House bill (HR 1) that passed on…

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Partnering with Churches to Develop Supportive and Affordable Housing

November 22, 2017
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Partnering with Churches to Develop Supportive and Affordable Housing

Fifty members of the faith community gathered at New Greater Bethel Ministries. Some fifty members of the faith community gathered at New Greater Bethel Ministries (NGBM) in Queens to hear how their churches can work with mission-driven nonprofits to develop supportive and affordable housing. Invited by Dominic Dummett of Signature Building Consultants, hosted by NGBM’s…

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Supportive-housing project approved, ending standoff with councilwoman

November 16, 2017
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Supportive-housing project approved, ending standoff with councilwoman

Darlene Mealy had been threatening to kill a development that enjoyed broad support The City Council is set to approve a rezoning for a low-income development in Brooklyn after the local representative dropped her opposition Thursday morning, reports Crain’s. The planned eight-story project at 3 Livonia Place will include 125 units of permanent below-market and…

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How tax reform could devastate the affordable housing market

November 14, 2017
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How tax reform could devastate the affordable housing market

Housing advocates are pressing Senate Republicans to expand the low-income housing tax credit program while pushing back against a House GOP plan that would eliminate financing for half of all affordable housing units, American Banker writes.

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De Blasio doubling the budget for affordable housing

November 6, 2017
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De Blasio doubling the budget for affordable housing

New York City Mayor Bill de Blasio is more than doubling the budget for his affordable housing plan to produce 50 percent more units than originally anticipated , a 12-year effort that will cost the city $16.9 billion, Politico New York reports.

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