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NYC Department of Housing Preservation & Development
Press Room

Monday, July 19, 2010
HPD COMMISSIONER CESTERO AND HDC PRESIDENT JAHR ANNOUNCE 14,767 UNITS OF AFFORDABLE HOUSING FINANCED IN FY10
New York, NY July 19, 2010: New York City Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Housing Development Corporation (HDC) President Marc Jahr announced today that despite the continued economic downturn, the City has financed 14,767 units of affordable housing for middle-class and low-income New Yorkers over the last fiscal year, which ended June 30, 2010. The units of affordable housing are part of the Bloomberg Administration’s New Housing Marketplace Plan (NHMP), an ambitious $8.4 billion initiative to create and preserve 165,000 units of affordable housing for half a million New Yorkers. Building and preserving affordable housing in neighborhoods across New York City is a central component of the Bloomberg Administration’s Five Borough Economic Opportunity Plan to create jobs for New Yorkers today, implementing a vision for long-term economic growth while strengthening New York City’s diverse neighborhoods.




Tuesday, July 13, 2010
GOLDMAN SACHS PARTNERS WITH NEW YORK CITY AGENCIES TO FINANCE COMMUNITY DEVELOPMENT IN BEDFORD-STUYVESANT BROOKLYN
NEW YORK, July 13, 2010 -- The NYC Housing Development Corporation (HDC), the NYC Housing Preservation and Development (HPD), The Goldman Sachs Group, Inc. and BRP Development announced an innovative $45 million real estate transaction to develop much-needed affordable housing and retail space in Bedford-Stuyvesant, Brooklyn. To be built under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP), the new mixed-use, mixed-income project, called “The Bradford,” will include 105 apartments for low- and middle-income families.




Friday, July 9, 2010
CITY OFFICIALS CELEBRATE THE COMPLETION OF BEACON TOWERS AND BEACON MEWS IN RIBBON CUTTING CEREMONY
New York, NY – July 7, 2010 – In a ribbon cutting ceremony today in Harlem, city officials gathered together to celebrate the completion of Beacon Towers and Beacon Mews, two residential developments that reflect the need and success of affordable housing developments in New York City. Developed under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP), Beacon Towers and Beacon Mews offer both rental and homeownership opportunities to New Yorkers with a range of incomes.




Thursday, July 1, 2010
MAYOR BLOOMBERG, SPEAKER QUINN, SENATOR SCHUMER AND GOVERNOR PATERSON ANNOUNCE $32 MILLION PLAN TO RESOLVE NEW YORK CITY’S SECTION 8 RENT VOUCHER CRISIS
Mayor Michael R. Bloomberg, Council Speaker Christine C. Quinn, Senator Charles E. Schumer and Governor David A. Paterson today announced a $32 million plan to resolve New York City’s Section 8 rent voucher crisis. In 2009 and 2010, falling tenant contributions occurred simultaneously with lower than normal attrition rates, leading to a budget shortfall in the New York City Housing Authority’s (NYCHA) Section 8 program and at housing authorities nationwide. In New York City, that resulted in rental vouchers withdrawn for roughly 2,500 families – including 750 that then left shelters – and another 4,000 families whose vouchers were put at risk. The plan announced today will restore or save all 6,500 vouchers.




Thursday, June 17, 2010
HPD COMMISSIONER CESTERO ANNOUNCES NEW INITIATIVE TO RESCUE SEVERELY DISTRESSED RESIDENTIAL BUILDINGS AND KEEP NEW YORKERS IN THEIR HOMES
New York, NY – NYC Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero, in partnership with the New York City Acquisition Fund announced today that they have issued a Request for Qualifications (RFQ) inviting real estate developers and managers with a track record of responsible ownership to participate in the newly created Multifamily Preservation Program. The program will allow HPD to use a list of prequalified developers to quickly indentify a candidate with the necessary experience to purchase and manage a distressed property – when necessary – with the goal of keeping tenants in their homes and maintaining the long-term affordability and physical viability of the property. Through the RFQ, HPD will evaluate and compile the list of developers that will be prequalified to receive financing for the acquisition and, if necessary, rehabilitation of distressed multifamily properties.




Thursday, June 17, 2010
LANDLORD SAM SUZUKI ORDERED TO JAIL ON CONTEMPT CHARGES FOR FAILING TO FIX HAZARDOUS CONDITIONS AT BRONX BUILDING
New York, NY – NYC Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero announced that a decision was issued today by Bronx Housing Court Judge Jerald Klein ordering the landlord Sam Suzuki to be imprisoned for civil contempt for failing to comply with the July 20, 2009 order to repair Housing Maintenance Code violations issued by HPD at 1585 East 172nd Street in the Bronx. Judge Klein signed the order lifting a temporary stay of the contempt, stating that he would sign an order “committing respondent [Suzuki] to jail for the civil contempt of the Court's Order. Said incarceration shall continue until respondents comply with the July 20, 2009 Order or upon further order of the Court.”




Monday, June 7, 2010
HPD COMMISSIONER CESTERO ANNOUNCES FIRST PHASE OF LARGEST AFFORDABLE HOUSING DEVELOPMENT IN NYC SINCE THE 1970s
Long Island City, NY – NYC Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero announced today the release of a Request for Proposals (RFP) for the first phase of the Hunter’s Point South site located in Long Island City, Queens. Bounded by 50th Ave to the north, 2nd St to the east, Borden Ave to the south, and Center Blvd to the west, the site which consists of parcels A and B will be developed to create approximately 1,000 new housing units, of which a minimum of 60 percent will be mixed-income permanently affordable housing. The site will also include new commercial space, parking, and a new school. Hunter’s Point South is the largest affordable housing development in the Bloomberg Administration’s New Housing Marketplace Plan (NHMP), and the largest in New York City in more than three and a half decades. Launched in 2003 by Mayor Bloomberg to build or preserve 165,000 units of affordable housing by 2014, the NHMP is the most productive and comprehensive municipal housing plan in the nation, financing more than 100,000 affordable units to date.




Wednesday, June 2, 2010
To Combat Homelessness, HPD Commissioner Cestero, DHS Commissioner Diamond and Common Ground Open 190-Unit LEED Certified Building in South Bronx
NEW YORK – On Wednesday, June 2, 2010, New York City Department of Housing Preservation and Development Commissioner Rafael E. Cestero, Department of Homeless Services Commissioner Seth Diamond, Bronx Borough President Ruben Diaz, Jr., and Common Ground will hold the official opening and ribbon-cutting ceremony for The Brook at 455 East 148th Street in the Bronx. The 190-unit, $43 million building will expand the extensive portfolio of supportive and affordable housing that Common Ground provides in the New York metropolitan area.




Wednesday, June 2, 2010
NYC HOUSING AND DEVELOPMENT LEADERS CELEBRATE OPENING OF NEW $40 MILLION AFFORDABLE HOUSING COMPLEX IN BROOKLYN
New York, NY – SKA Marin, Local Development Corp. of Crown Heights (LDCCH) and their public and private partners today cut the ribbon to celebrate the completion of the newly constructed Crown Heights Apartments, an eight-story, state-of-the-art housing development in Crown Heights, Brooklyn, containing 143 affordable rental units for low-income seniors. Crown Heights Apartments was developed under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP) to finance the creation or preservation of 165,000 affordable homes by 2014. At the ceremony, New York City Housing Authority Chairman John Rhea joined Housing Development Corporation President (HDC) Marc Jahr, Housing Preservation and Development (HPD) First Deputy Commissioner Doug Apple, Chief Executive Officer Sydelle Knepper of SKA Marin and Executive Director Caple G. Spence of LDCCH and welcomed NYC Comptroller John Liu, NYC Public Advocate Bill DiBlasio, NY State Assembly Member William Boyland, Jr., Citibank North America Chief Financial Officer Basil Williams, Brooklyn Borough President Marty Markowitz and City Council Member Al Vann. The opening invocation was made by Rev. Edward Norman of the First Baptist Church of Crown Heights and an ending prayer was offered by Rabbi Eli Cohen of the Jewish Community Council of Crown Heights.




Thursday, May 27, 2010
City Planning, HPD, HDC, Builder/Developer Jeffrey Levine, Brooklyn Borough President Markowitz and Councilmember Levin Celebrate Completion of the Largest Affordable Inclusionary Zoning Development
BROOKLYN, NY – May 27, 2010 – City Planning Commissioner Amanda M. Burden, New York City Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and New York City Housing Development Corporation (HDC) President Marc Jahr joined Brooklyn Borough President Marty Markowitz, Brooklyn Councilmember Stephen Levin and Jeffrey Levine, Chairman of Levine Builders and Douglaston Development, at a ribbon cutting ceremony for Williamsburg Community Apartments, at North 6th Street and Kent Avenue in Williamsburg, Brooklyn. The new apartment complex, constructed as part of a market-rate development known as The Edge, is the largest-ever inclusionary zoning project with a total of 347 affordable units targeted to households earning 80% of Area Median Income (AMI) or $56,520 for a family of four, as well as the largest affordable housing project along the Brooklyn waterfront.



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