Email a Friend
NYC Department of Housing Preservation & Development
Press Room

Tuesday, February 14, 2012
HPD COMMISSIONER WAMBUA ANNOUNCES LIST OF 200 BUILDINGS WITH 2,373 UNITS IN LATEST ROUND OF ALTERNATIVE ENFORCEMENT PROGRAM
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua released the list of 200 residential buildings that have been placed into the agency’s fifth round of the Alternative Enforcement Program (AEP). The AEP, which was originally signed into law in 2007, is aimed at increasing the pressure on the owners of the City’s most distressed multifamily residential buildings to bring the properties up to code so that the residents are not forced to live in substandard and hazardous conditions. The buildings were selected using the updated criteria that was adopted by the City Council and signed into law by Mayor Michael R. Bloomberg in 2011. Of all five rounds, this is the second round of AEP with buildings selected under the amended criteria, which was modified to qualify a larger number of buildings with 20 or more units for the program. With more units captured under AEP’s umbrella, thousands more New Yorkers will benefit from the stabilizing effects of increased enforcement and improved living conditions.




Friday, February 10, 2012
MAYOR BLOOMBERG RELEASES INITIAL FINDINGS OF 2011 NEW YORK CITY HOUSING AND VACANCY SURVEY
Mayor Michael R. Bloomberg and Department of Housing Preservation and Development Commissioner Mathew M. Wambua today released the initial results of the 2011 New York City Housing and Vacancy Survey. The 2011 survey, based on a sample drawn from the 2010 decennial census, reveals a synopsis of the City’s housing market between February and May 2011. The survey found that the citywide net rental vacancy rate was 3.12 percent. The City’s total housing stock rose to more than 3.35 million units – the largest in the 46-year period since the first survey was conducted in 1965. Overall residential building conditions reached their highest ever levels since they were first measured 46 years ago. 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.




Friday, January 27, 2012
HDC, HPD, HCR & NYCHA JOIN MACQUESTEN DEVELOPMENT AND PARTNERS TO CELEBRATE REV. DR. FLETCHER C. CRAWFORD APARTMENTS
Bronx, New York – The NYC Department of Housing Preservation and Development (HPD), The NYC Housing Development Corporation (HDC), The New York City Housing Authority (NYCHA), and NYS Department of Homes & Community Renewal (DHCR) were joined by MacQuesten Development and Union Grove Baptist Church to celebrate the grand opening of Reverend Dr. Fletcher C. Crawford Apartments, an 84-unit low-income development in the Crotona Park East neighborhood of The Bronx, located at 1468 Hoe Avenue. The new affordable housing development is named in honor of the long-time Pastor of Union Grove Baptist Church, the Rev. Dr. Fletcher C. Crawford.




Thursday, January 19, 2012
HPD, OTDA AND LANTERN GROUP CELEBRATE COMPLETION OF VICINITAS HALL, A SUPPORTIVE HOUSING DEVELOPMENT IN THE BRONX
BRONX, NY – NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua, New York State Office of Temporary and Disability Assistance (OTDA) Executive Deputy Commissioner Elizabeth Berlin, the Lantern Group, a non-profit developer of New York City affordable housing, and their partners announced today the completion of Vicinitas Hall. Located at 507 East 176th Street, Vicinitas Hall is a new 68-unit supportive housing development in the East Tremont section of the Bronx with a preference given to young working adults and those aging out of the foster care system.




Friday, January 6, 2012
HPD, WORKFORCE HOUSING ADVISORS, BANANA KELLY, MONADNOCK CONSTRUCTION ANNOUNCE NEW YEAR’S GIFT TO TENANTS IN FIVE SEVERELY DISTRESSED BRONX BUILDINGS
New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua, Workforce Housing Advisors (WFHA) principal John Crotty, Banana Kelly Community Improvement Association President Harry De Rienzo, and Monadnock Construction President Nicholas Lemboannounced a plan to improve conditions at the Kelly Street portfolio of properties in the South Bronx, keeping the five buildings’ 81units affordable to their residents. HPD is providing a $3.4 million acquisition loan to the development team of WFHA, Banana Kellyand Monadnock Construction through its Participation Loan Program (PLP)to enable the developers tobegin to substantiallyrehabilitate the buildings. This loan, made possible by the U.S. Department of Housing and Urban Development (HUD) Neighborhood Stabilization Program (NSP), comes in addition to a Tax Credit allocation provided by HPD in late 2011 that will generate $9.28 million in equity towards the rehabilitation needs of the portfolio and bank financing. The previous owner, after refinancing these properties with an unsustainable level of debt, allowed them to slide into such a deplorable state that all five had been placed in HPD’s Alternative Enforcement Program (AEP), an initiative that annually targets the worst 200 buildings in the City.



Previous  1  2  3  4  5  6  7  


View Site Map