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NYC Department of Housing Preservation & Development
Press Room

Friday, April 23, 2010
HPD COMMISSIONER CESTERO ANNOUNCES SELECTION OF TNS DEVELOPMENT GROUP TO BUILD 240 UNITS OF AFFORDABLE HOUSING AT GREENPOINT HOSPITAL SITE
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero announced today that TNS Development Group, Ltd., has been selected to develop affordable housing at the Greenpoint Hospital site, the largest of the public sites committed to by the Bloomberg Administration as part of the Greenpoint-Williamsburg rezoning. The site which consists of a 59,600-square-foot vacant City-owned parcel and a vacant 4-story structure that formerly served as a nurses’ residence, is located on Maspeth Avenue between Kingsland Avenue and Debevoise Avenue in Brooklyn’s Greenpoint-Williamsburg neighborhood. The developer, chosen through a competitive Request for Proposal (RFP) process, will build a total of 240 affordable units as part of Mayor Bloomberg’s New Housing Marketplace Plan (NHMP). Launched in 2004 with the goal of creating and preserving 165,000 units by 2014, the NHMP is the largest municipal affordable housing effort in the nation. To date, nearly 100,000 affordable homes have been financed across the five boroughs.




Friday, March 26, 2010
HPD COMMISSIONER CESTERO & HDC PRESIDENT JAHR ANNOUNCE NEW BRONX DEVELOPMENT DEAL
Bronx, NY, The NYC Department of Housing Preservation and Development (HPD), and their sister agency, the NYC Housing Development Corporation (HDC) MacQuesten Development and the Union Grove Baptist Church, have completed construction financing for the Reverend Dr. Fletcher C. Crawford Housing, an 84-unit low-income development in the Bronx, located at 1468 Hoe Avenue. Named in honor of the long-time Pastor of Union Grove Baptist Church, Reverend Crawford led the church for fifty years and was a leader in the community. This development is being funded through HDC’s Low-Income Affordable Marketplace Program (LAMP). The project is part of Mayor Michael R. Bloomberg’s $8.5 billion New Housing Marketplace Plan (NHMP) to build and preserve 165,000 units of affordable housing; the largest municipal affordable housing initiative in the nation.




Tuesday, March 16, 2010
HPD COMMISSIONER CESTERO HAILS COURT DECISION TO APPOINT MANAGEMENT TO RUN TROUBLED WASHINGTON HEIGHTS BUILDING
New York, NY – New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero hailed a recent decision in New York City Housing Court granting the application for appointment of a 7A Administrator to manage the property at 452 Ft. Washington Avenue, a six-story building with 54 units located in Manhattan’s Community District 12. More than two years ago the property owner, Dorothea Levine, hired contractors who removed the bathrooms from each unit in the 2-line, purportedly to repair conditions caused by water damage. After one-and-a-half years of constant litigation, in which HPD’s Housing Litigation Division (HLD) was actively involved, the tenants can now look forward to working with responsible new management who will have the authority to make the necessary repairs to restore their homes to livable condition.




Monday, March 15, 2010
Mayor Bloomberg, HUD Secretary Donovan and NYCHA Chairman Rhea Announce More Than $400 Million In Public And Private Funding And $65-$75 Million In Annual Federal Funding To Support More Than 20,000 P
March 15th, 2010 – Mayor Michael R. Bloomberg, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and New York City Housing Authority (NYCHA) Chairman John B. Rhea today announced HUD’s approval of New York City’s application to qualify 21 NYCHA developments – and their more than 20,000 housing units – for federal subsidies. In order to qualify for federal assistance, the developments will be sold to an entity created and controlled by NYCHA. As a result of the transaction, NYCHA will receive more than $400 million in public and private funding, the majority of which will go to capital improvements that will begin immediately and continue for two years. The upgrades, which will create hundreds of construction jobs, will include brick work, façade and roof repairs, elevator replacement, front and rear entrance renovations and heating upgrades. The sale will also enable HUD to include the buildings in a federal subsidy program that will deliver $65-$75 million every year for ongoing maintenance. Joining the Mayor at the announcement, which took place at the Henry Rutgers Houses development in Lower Manhattan, were Governor David A. Paterson, Senator Charles E. Schumer, Congresswoman Nydia M. Velazquez, Assembly Speaker Sheldon Silver, Senate Majority Leader John L. Sampson, Council Speaker Quinn, Assembly Members Vito Lopez and Brian Kavanagh, State Senator Daniel L. Squadron, Council Member Margaret S. Chin, New York City Housing Development Corporation President Marc Jahr, Housing Preservation and Development Commissioner Rafael E. Cestero, Citi Managing Director and Head of Municipal Securities Division Howard W. Marsh, and President of the Citywide Council of Presidents of NYCHA Residents Reginald H. Bowman.




Monday, February 22, 2010
MAYOR BLOOMBERG OUTLINES STEPS THE CITY IS TAKING TO ACHIEVE AFFORDABLE HOUSING GOAL OF 165,000 UNITS TO HOUSE 500,000 NEW YORKERS DESPITE HISTORIC ECONOMIC CHALLENGES
Updated Plan Includes Infusion of Additional $1 Billion Largely from NYC Housing Development Corporation Reserves – Not Taxpayer Dollars – Which Rose Even as Other Housing Finance Agencies across the Nation Faltered The Mayor's Remarks as Prepared for Delivery at NYU’s Furman Center for Real Estate and Urban Policy for the Inaugural Event of its New Institute for Affordable Housing Policy Follow:
PRESS RELEASE # 82




Friday, January 15, 2010
HPD COMMISSIONER CESTERO JOINS CHAIR OF WHITE HOUSE COUNCIL ON ENVIRONMENTAL QUALITY FOR TOUR OF FIRST HOUSING DEVELOPMENT TO RECEIVE FEDERAL FUNDING FOR GREEN RETROFIT PROGRAM
New York – New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero joined White House Council on Environmental Quality Chair Nancy Sutley, and Jonathan F.P. Rose, President of Jonathan Rose Companies today for a tour of the first multi-family housing unit to receive a Green Retrofit Program (GRP) loan from the U.S. Department of Housing and Urban Development (HUD).The West 135th Street Apartments located in Central Harlem, is a 198-unit, 10 building, Section 8 assisted property that will utilize the $3.6 million GRP loan to make renovations that will enhance quality of life for the residents, increase energy efficiency, reduce utility costs, and create jobs. HUD GRP for Multifamily Housing was authorized by the American Recovery and Reinvestment Act of 2009 for energy and green retrofit investment in properties, to ensure the maintenance and preservation of properties and the continued operation and maintenance of energy efficiency technologies.




Thursday, January 14, 2010
MAYOR BLOOMBERG ANNOUNCES NEW YORK CITY TO RECEIVE MORE THAN $20 MILLION IN STIMULUS FUNDS FROM US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR NEIGHBORHOOD STABILIZATION
Mayor Michael R. Bloomberg announced today that the U.S. Department of Housing and Urban Development (HUD) has awarded more than $20 million in Recovery Act funding to the New York City Department of Housing Preservation and Development under HUD's Neighborhood Stabilization Program 2. The grants were awarded competitively to applicants who developed the most innovative ideas to address the impact of the foreclosure crisis on local communities while demonstrating they have the capacity to be responsible stewards of taxpayer dollars. The City will use the funds to buy, renovate and resell foreclosed properties in the most-affected neighborhoods to low- and moderate-income families.




Monday, January 11, 2010
HPD COMMISSIONER CESTERO, HDC PRESIDENT JAHR ANNOUNCE L+M DEVELOPMENT PARTNERS TO BEGIN REHABILITATION OF A SECTION 8 RENTAL BUILDING IN HARLEM
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and New York City Housing Development Corporation (HDC) President Marc Jahr announced today that L+M Development Partners Inc. has closed on the construction funding and will begin rehabilitating 1428 Fifth Avenue, a 120-unit Section 8 rental building located on West 116th Street in Harlem through the New York City Housing Development Corporation’s (HDC) Low-income Affordable Marketplace Program (LAMP). L+M recently acquired 1428 Fifth Avenue, which includes both the building and an adjacent vacant land parcel. The project is part of Mayor Michael R. Bloomberg’s $7.5 billion New Housing Marketplace Plan (NHMP) to build and preserve 165,000 units of affordable housing; the largest municipal affordable housing initiative in the nation.




Friday, January 8, 2010
STATEMENT OF HPD COMMISSIONER CESTERO ON NEWS OF STUYVESANT TOWN AND PETER COOPER VILLAGE MORTGAGE DEFAULT
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero issued the following statement regarding news today that the owners of Stuyvesant Town and Peter Cooper Village will miss a multimillion dollar loan payment, putting them in technical default on their mortgages.




Friday, January 8, 2010
HPD COMMISSIONER CESTERO ANNOUNCES THAT WITH FRIGID TEMPERATURES EXPECTED TO CONTINUE THIS WEEKEND HPD WILL INTENSIFY HEAT ENFORCEMENT EFFORTS
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero today announced that the agency will be adding additional teams of inspectors this weekend as the temperatures are expected to stay below freezing for Saturday and Sunday, and will have a Supervisor assigned to Office of Emergency Management’s (OEM) Watch Command starting this Friday morning thru Sunday night to respond to heat related emergencies. With the City now well into “Heat Season,” Commissioner Cestero also reminded residential building owners of their legal obligation to provide tenants with hot water year-round and heat when the outdoor temperature warrants it.



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