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NYC Department of Housing Preservation & Development
Press Room

Tuesday, May 19, 2009
MAYOR BLOOMBERG AND SPEAKER QUINN JOIN THE CENTER FOR NYC NEIGHBORHOODS TO AWARD NEW GRANTS TO HELP PREVENT MORTGAGE FORECLOSURES
Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn and Center for NYC Neighborhoods Executive Director Michael Hickey today announced $2.3 million in grants to 19 not-for-profit service providers, designed to help homeowners at risk of mortgage foreclosure throughout the five boroughs. The grants, which will be distributed by the Center for NYC Neighborhoods, the not-for-profit organization announced by Mayor Bloomberg and Speaker Quinn in December 2007, will fund legal assistance, mortgage counseling and education services for the residents of New York City. Since becoming fully operational, the Center has provided housing counseling and legal services to roughly 1,000 New York City families in the second half of 2008, and with the new grants, the Center will have the capacity to provide services to more than 8,000 families in 2009. In addition, next year the Center will begin providing proactive education and outreach to up to 20,000 New Yorkers. Mayor Bloomberg and Speaker Quinn also announced that the Center will establish a dedicated call center to handle foreclosure-related calls that come into 311, New York City’s customer service hotline. Also attending the announcement, which took place at the offices of grant recipient Bedford-Stuyvesant Restoration Corporation, were Deputy Mayor for Economic Development Robert C. Lieber, Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan, New York State Division of Housing and Community Renewal Commissioner Deborah VanAmerongen, Council Member Lew Fidler, and Bedford-Stuyvesant Restoration Corporation Executive Director Colvin Grannum, representing the Coalition for the Improvement of Bedford Stuyvesant.




Thursday, May 7, 2009
Mount Hope Housing Company Announces Grand Opening of Affordable Housing Development Incorporating Green Building Elements in the Bronx
New York, NY, May 7, 2009 – Mount Hope Housing Company, a nonprofit community development organization and provider of social services in the Mount Hope section of the Bronx, along with the NYC Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC) and Enterprise Community Partners, Inc. announced today the grand opening of the New Hope Walton Project, a 63-unit environmentally friendly, affordable housing development for low-income residents. The creation of affordable housing in neighborhoods across New York City is part of the City's Five Borough Economic Opportunity Plan to create jobs for New Yorkers today, implement a vision for long-term economic growth and strengthen and stabilize neighborhoods.
PRESS RELEASE # 05-09




Thursday, May 7, 2009
HPD, SoBRO CELEBRATE OPENING OF GATEWAY BUILDING, A LONG-VACANT EYESORE IN SOUTH BRONX
The Bronx, May 7, 2009 – New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and South Bronx Overall Economic Development Corporation (SoBRO) Senior Vice President Neil Pariser announced today the opening of Gateway Building. The building – visible to commuters on the Willis Avenue Bridge – sat vacant for three decades prior to its transformation into high-quality, affordable housing. The creation and preservation of affordable housing in neighborhoods across New York City is part of the City's Five Borough Economic Opportunity Plan to implement a vision for long-term economic growth. Commissioner Cestero and Pariser were joined by Bronx Borough President Ruben Diaz, Jr., Council Member Maria del Carmen Arroyo, and Michael Lambert of the Community Preservation Corporation (CPC).
PRESS RELEASE # 04-09




Wednesday, April 22, 2009
HPD AND HDC JOIN CPC RESOURCES AND EAST BROOKLYN CONGREGATIONS TO BREAK GROUND ON MORE THAN 100 AFFORDABLE RENTAL APARTMENTS IN BROWNSVILLE, NY
Brooklyn, April 22, 2009 – The New York City Department of Housing Preservation and Development (HPD) joined CPC Resources (CPCR) and East Brooklyn Congregations (EBC) as they broke ground today on 103 units of affordable housing located in the Brownsville section of Brooklyn. The creation of affordable housing in neighborhoods across New York City is part of the City's Five Borough Economic Opportunity Plan to create jobs for New Yorkers today, implement a vision for long-term economic growth and build affordable, attractive neighborhoods.
PRESS RELEASE # 03-09




Tuesday, April 7, 2009
HUD SECRETARY DONOVAN KEYNOTES NEW YORK CITY GREEN AND AFFORDABLE HOUSING CONFERENCE
NEW YORK– US Department of Housing and Urban Development (HUD) Secretary Shaun Donovan today gave the keynote address at a New York City housing conference on strategies for expanding the nation’s stock of green and affordable housing. In his remarks, Donovan announced that the green conference sponsor, the City’s Department of Housing Preservation and Development (HPD) along with not-for-profit partners, has embarked on a pilot program to rehabilitate a number of small bank-foreclosed homes using green, energy-efficient standards and practices. HPD is responsible for implementing Mayor Michael R. Bloomberg’s $7.5 billion New Housing Marketplace Plan to create and preserve affordable housing for half a million New Yorkers.
PRESS RELEASE # 01-09




Tuesday, April 7, 2009
NYU’s Furman Center and the NYC Department of Housing Preservation and Development Launch Initiative to Track Affordable Housing in Danger of Converting to Market Rate Rentals
NYU’s Furman Center for Real Estate and Urban Policy, in cooperation with the New York City Department of Housing Preservation and Development (HPD), has been awarded funding from the MacArthur Foundation to embark on a new three-year project to track affordable housing units at risk of converting to market-rate and to identify new opportunities for preserving the housing’s affordability. The Preservation Data Project has three main components: a database of affordable housing in New York City, including detailed information on the dates when restrictions on rents expire; an “early warning” system designed to identify especially vulnerable properties at risk of opting out or failing to meet the requirements of subsidy programs that impose affordability restrictions; and new analytic tools for assessing the potential to preserve the properties as affordable housing.




Friday, February 13, 2009
MAYOR BLOOMBERG NAMES RAFAEL CESTERO TO SERVE AS COMMISSIONER OF THE DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT
Mayor Michael R. Bloomberg today named Rafael Cestero to serve as Commissioner of the Department of Housing Preservation and Development (HPD). Cestero will replace Shaun Donovan, who was chosen by President Obama to be Secretary of the U.S. Department of Housing and Urban Development after serving as HPD Commissioner since 2004. Cestero is expected to begin in the position on March 16. The Mayor made the announcement in the Blue Room of City Hall, where he was joined by Deputy Mayor for Economic Development Robert C. Lieber and New York City Housing Development Corporation President Marc Jahr.
PRESS RELEASE # 76




Tuesday, February 10, 2009
MAYOR BLOOMBERG RELEASES INITIAL FINDINGS OF 2008 NEW YORK CITY HOUSING AND VACANCY SURVEY
Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert C. Lieber and Department of Housing Preservation and Development (HPD) Acting Commissioner Marc Jahr today released the initial results of the 2008 New York City Housing and Vacancy Survey. The 2008 survey, which reveals a synopsis of the City’s housing market between February and June 2008, found that the citywide net rental vacancy rate was 2.88 percent, down from 3.09 percent in 2005. The City’s total housing stock rose to more than 3.33 million units – the largest in the 43-year period since the first survey was conducted in 1965 – and all five boroughs saw an increase in housing. New Yorkers’ satisfaction with their neighborhoods and overall building conditions reached their highest ever levels since they were first measured, 30 years ago and 43 years ago, respectively. The survey, conducted every three years, is required by State and City rent-regulation laws to determine New York City’s overall vacancy rate for rental housing. A rental vacancy rate below five percent triggers the declaration of a “housing emergency,” which is necessary for the continuation of rent regulation protections for New York City residents. Every survey since the first one in 1965 has found the rental vacancy rate to be below five percent.
PRESS RELEASE # 71




Friday, January 30, 2009
CITY ANNOUNCES DEVELOPMENT TEAMS TO BUILD AFFORDABLE HOUSING ON NYCHA PROPERTIES IN THE SOUTH BRONX
Over 1,000 units of affordable housing will be developed on four New York City Housing Authority (NYCHA) sites in the South Bronx by five teams announced today by New York City Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan and NYCHA Chairman Tino Hernandez. Blue Sea Development was selected as the lead developer of a 101-unit building on the grounds of the NYCHA-owned Forest Houses; Dunn Development Corp. was selected as the lead developer of 220 units on the grounds of Highbridge Gardens; the TNS Development/CPC Resources/Lemle & Wolff team was announced as the lead developer of 236 units of new housing on the grounds of Soundview Houses; the Arista team was selected as the lead developer of a 290-unit renovation of six NYCHA-owned buildings in the University Heights area; and Bronx Pro was selected as the lead developer of a 173-unit renovation of four more NYCHA-owned buildings in the University Heights area. These sites will bring in an estimated $29 million in revenue to the Housing Authority, a critical component in preserving public housing in a time of diminishing Federal spending.




Friday, January 23, 2009
MAYOR BLOOMBERG AND HUD SECRETARY PRESTON ANNOUNCE FEDERAL APPROVAL OF $24 MILLION FOR NEW YORK CITY TO PURCHASE, REHAB AND RESELL FORECLOSED HOMES TO INCOME-TARGETED NEW YORKERS
Mayor Michael R. Bloomberg, United States Department of Housing and Urban Development (HUD) Secretary Steve Preston and City Council Speaker Christine C. Quinn today announced the approval of $24 million in emergency assistance to allow New York City to buy, renovate and resell foreclosed properties. The first phase of the City’s program – known as the Neighborhood Stabilization Program – will begin with four homes: two in Staten Island, one in Queens and one in the Bronx. In total, the program, one of 18 initiatives announced by Mayor Bloomberg and Speaker Quinn in October to help New Yorkers face current economic challenges, will result in the purchase and redevelopment of roughly 115 buildings, providing affordable homes for between 250 and 300 New York City families. Secretary Preston also launched “Keep Your Home. Know Your Loan,” HUD’s national consumer education campaign. In addition, the Mayor announced that in this campaign, the federal government will – for the first time – use the City’s 311 Customer Service Center to promote and support its work in New York City, citing 311’s superior data tracking capability and familiarity among New Yorkers. Joining the Mayor at Neighborhood Housing Services (NHS) of New York City in Manhattan where the announcement took place were Deputy Mayor for Economic Development Robert C. Lieber, Restored Homes Executive Director Salvatore D'Avola and NHS CEO Sarah Gerecke.
PRESS RELEASE # 20



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