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NYC Department of Housing Preservation & Development
Press Room

Wednesday, December 26, 2012
HDC, HPD, AND GOLDMAN SACHS JOIN DOMAIN COS TO ANNOUNCE THE FINANCING OF A NEW MIXED-USE DEVELOPMENT NEAR THE GREENPOINT WATERFRONT
New York, NY– NYC Housing Development Corporation (HDC),NYC Department of Housing Preservation & Development (HPD), and Goldman Sachs join The Domain Companies to announce financing of 1133 Manhattan Avenue, a mixed-use development in Greenpoint, Brooklyn. The $67 million project involves the remediation of a Brownfield cleanup site and creation of a new Silver LEED for Homes targeted building that combines 210 affordable, moderate-income and market rate apartments with neighborhood retail along Manhattan Avenue.Financing for this project is being provided through the New York City Housing Development Corporation and by Goldman Sachs




Thursday, December 20, 2012
MAYOR BLOOMBERG, COMMUNITY PRESERVATION CORPORATION AND CITI LAUNCH $40 MILLION STORM RECOVERY LOAN FUND FOR MULTI-FAMILY RESIDENTIAL BUILDINGS
Mayor Michael R. Bloomberg, Director of Housing Recovery Operations Brad Gair, New York City Department of Housing Preservation and Development Commissioner Mathew M. Wambua, New York City Housing Development Corporation President Marc Jahr, The Community Preservation Corporation President and CEO Rafael E. Cestero, and Citi Community Capital Co-Head Andrew Ditton have launched the Storm Recovery Loan Fund, a pilot program to provide up to $40 million in low-cost loans to fund the repair of multi-family buildings damaged by Hurricane Sandy. Building owners can put the funds toward resiliency measures, like installing state-of-the-art heating and electric plants that are repositioned to withstand the next storm by being located on higher floors and/or in waterproof compartments. This focus on mitigation will decrease the cost of recovery and reduce the destructive impact of future storms. The program will also promote green improvements that will conserve energy and save money over the long term. The new fund blends a subsidy from Housing Preservation and Development with Community Preservation Corporation financing to provide loans that are below market rate, allowing owners to make needed repairs in the aftermath of Sandy.




Monday, December 17, 2012
MAYOR’S FUND TO ADVANCE NEW YORK CITY AND GOLDMAN SACHS GIVES PARTNER WITH HPD TO PROVIDE $1.4 MILLION FOR NYC HOMEOWNERS AFFECTED BY HURRICANE SANDY
December 17, 2012 NEW YORK: Today the NYC Department of Housing Preservation and Development (HPD) and the Board of Directors of the Center for New York City Neighborhoods (CNYCN) joined with Goldman Sachs Gives and the Mayor’s Fund to Advance New York City to announce $1.4 million in new funding to CNYCN to help homeowners affected by Hurricane Sandy. Goldman Sachs Gives contributed $900,000 and the Mayor’s Fund allocated $500,000 to fund an extensive network of housing counselors and legal services providers in the neighborhoods most affected by the storm. CNYCN, in coordination with HPD and the Mayor's Office of Housing Recovery, will give homeowners access to expert help in navigating the complex rebuilding and recovery process. In addition, the funds from Goldman Sachs Gives will allow CNYCN to launch the Neighborhood Recovery Fund (NRF), an emergency grant program that will provide direct financial assistance to homeowners impacted by the storm




Friday, December 7, 2012
MAYOR BLOOMBERG, HUD SECRETARY DONOVAN AND REAL ESTATE INDUSTRY GROUPS ANNOUNCE THE LAUNCH OF NYC HOUSING RECOVERY TO HELP VICTIMS OF HURRICANE SANDY MOVE INTO HOUSING
Mayor Michael R. Bloomberg, U.S. Department of Housing and Urban Development Secretary Shaun Donovan, New York City Department of Housing Preservation and Development Commissioner Mathew M. Wambua, and Director of Housing Recovery Operations Brad Gair today announced NYC Housing Recovery, a City initiative to make a pool of vacant apartments available exclusively for New Yorkers that have been displaced from their homes because of Hurricane Sandy. Displaced households will be able to register with the City for assistance in finding short or long-term housing through this new program. Leaders of the City’s major real estate trade organizations including Rent Stabilization Association President Joseph Strasburg, the New York State Association for Affordable Housing President Donald Capoccia, and the Real Estate Board of New York President Steven Spinola, have worked to mobilize their memberships to help set aside thousands of apartments over the coming months for lease to storm victims.




Tuesday, December 4, 2012
HPD AND HCR JOINS NEW DESTINY AND PARTNERS TO CELEBRATE THE OPENING OF THE ANDERSON
Bronx, NY - The NYC Department of Housing Preservation and Development (HPD), NYS Homes and Community Renewal (HCR) and New York State Office of Temporary and Disability Assistance (OTDA) joined project developers New Destiny Housing and partners today to celebrate the opening of The Anderson. The new development located at 1070 Anderson Avenue in the Bronx includes 41 newly constructed units of affordable rental housing for low-income families with a set aside units for homeless survivors of domestic violence. Bronx Borough President Ruben Diaz, Jr. also attended the opening ceremony.




Wednesday, November 28, 2012
MAYOR BLOOMBERG, GOVERNOR CUOMO, HUD SECRETARY DONOVAN AND WELLS FARGO ANNOUNCE CLOSING ON $621.5 MILLION DEAL TO RENOVATE AND PRESERVE CO-OP CITY IN THE BRONX
Governor Andrew M. Cuomo, Mayor Michael R. Bloomberg and U.S. Housing and Urban Development Secretary Shaun Donovan today announced the closing of a $621.5 million loan to the Co-op City development in the Bronx. The Federal, state and city governments announced that their respective agencies have joined together to jointly insure the mortgage loan made by Wells Fargo Bank, which will refinance Co-op City’s existing debt at historically low interest rates. Under the terms of the loan, Co-op City, the largest Mitchell-Lama co-op that first opened to the public in 1968, will remain affordable to residents for 35 more years.




Wednesday, November 28, 2012
MAYOR BLOOMBERG ANNOUNCES THREE MAJOR MILESTONES IN THE REVITILIZATION OF THE DOWNTOWN BROOKLYN CULTURAL DISTRICT
Mayor Michael R. Bloomberg today announced three major milestones in the development of the last city-owned parcels in the Downtown Brooklyn Cultural District. First, the Gotham Organization and DT Salazar, Inc will develop 600 units of housing, 300 of which will be affordable, as well as new cultural, community and commercial space on a site bounded by Fulton Street, Rockwell Place and Ashland Place. Second, an ambitious, multi-faceted proposal by Two Trees Management Company to develop 50,000 square feet of new creative, cultural and community space, along with a dynamic new public plaza, has begun the public review and approval process. Finally, the City Department of Housing Preservation and Development released a Request for Proposals for the last development parcel in the district.




Monday, November 26, 2012
MAYOR BLOOMBERG ANNOUNCES LANDLORDS OF STORM-DAMAGED BUILDINGS MUST IMMEDIATELY TAKE ACTION TO RESTORE HEAT AND ELECTRICITY
Mayor Michael R. Bloomberg and Department of Housing Preservation and Development Commissioner Mathew M. Wambua announced today that owners and landlords of multi-family residential buildings impacted by Hurricane Sandy must take action to make the necessary repairs to provide electricity, heat and hot water to their tenants. Building owners who need assistance can sign up for the NYC Rapid Repairs program so that the damage can be quickly assessed and repairs can be made to have these essential services restored. As temperatures continue to drop, endangering the health and safety of the tenants in storm damaged buildings, these essential services must be restored as quickly as possible. In affected areas, roughly 95 percent of buildings that are more than six stories have had their critical utility services fully restored. For mid-sized buildings with multiple units that are below six stories, nearly 70 percent have had their electricity and heat restored. Owners who fail to promptly correct hazardous conditions themselves or do not sign up with NYC Rapid Repairs to restore essential services to their buildings will be subject to the commencement of enforcement proceedings.




Friday, November 16, 2012
HPD AND HDC JOIN AZIMUTH, BEST DEVELOPMENT AND SEBCO TO CELEBRATE THE OPENING OF INTERVALE SENIOR RESIDENCES
Bronx, N.Y. – The New York City Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC), Azimuth Development Group, Best Development, South East Bronx Community Organization Development, Inc. (SEBCO) and partners celebrated the opening of Intervale Senior Residences, a newly constructed senior housing building located at 1115 Intervale Avenue in the Bronx. The development, which contains approximately 44,270 square feet of gross building area, will house 48 rental apartments available to low-income tenants 55 years of age or older, plus an additional superintendent’s unit. Also in attendance were Deputy Bronx Borough President Aurelia Greene; Senior Policy Advisor for Economic Development and Employment Cheryl Simmons-Oliver represented Congressman Jose Serrano; Assemblyman Marcos Crespo; and City Council Member Maria del Carmen Arroyo.




Wednesday, October 24, 2012
ULI ANNOUNCES NYC DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENTAS A WINNER OF THE 2012 ROBERT C. LARSON WORKFORCE HOUSING PUBLIC POLICY AWARDS
New York (October 24, 2012) – TheNew York City Department of Housing Preservation and Development (HPD) was recently recognized for its exemplary achievements in workforce housing by the development community and public policy makers by winning both the Robert C. Larson Workforce Housing Public Policy Awards by the Urban Land Institute (ULI) Terwilliger Center for Housing and the Jack Kemp Workforce Housing Models of Excellence Awards.



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