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NYC Department of Housing Preservation & Development
Press Room

Monday, December 30, 2013
HPD COMMISSIONER VISNAUSKAS, HDC PRESIDENT JAHR, GOTHAM ORGANIZATION AND DT SALAZAR INC. ANNOUNCE $278 MILLION FINANCING PLAN FOR NEW MIXED-INCOME RESIDENTIAL TOWER IN DOWNTOWN BROOKLYN
NYC Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas, NYC Housing Development Corporation (HDC) President Marc Jahr, Gotham Organization President David Picket and David Salazar of DT Salazar Inc. announced today that they have closed on a $278 million plan to finance the construction of the 250 Ashland Place development on a formerly city-owned vacant site in the Downtown Brooklyn Cultural District. With financing secured, the development team expects to break ground on the project in the coming weeks. The City has been committed to bringing much-needed affordable housing to the neighborhood as it has continued to prosper. 250 Ashland Place will provide 586 new apartments to the community, with 282 of the new units being permanently affordable to low-income and middle-income New Yorkers. This commitment of affordable units nearly doubled the amount of affordable housing originally projected for Cultural District Site I and exceeds the City’s plan for the entire north block. The residential tower will also provide new office space for cultural institutions, new retail space, and other amenities.




Saturday, December 21, 2013
MAYOR BLOOMBERG ANNOUNCES CITY WILL REACH 160,000 UNITS OF AFFORDABLE HOUSING FINANCED UNDER NEW HOUSING MARKETPLACE PLAN BY YEAR’S END – THE LARGEST AFFORDABLE HOUSING PLAN IN THE NATION
Mayor Michael R. Bloomberg, Department of Housing Preservation and Development Commissioner RuthAnne Visnauskas and New York City Housing Development Corporation President Marc Jahr today announced that by year’s end the City will have created or preserved 160,000 affordable housing units under the Mayor’s New Housing Marketplace Plan, the largest housing plan in the nation. The ambitious New Housing Marketplace Plan is now 97 percent complete and is on pace to meet the goal of 165,000 units by June of 2014. In total, under the Bloomberg Administration, the City has created or preserved more than 175,000 units of affordable housing. The Mayor also announced today that a team consisting of BRP Development Corporation, Hudson Companies Inc., Common Ground, Comunilife, The Kretchmer Companies, ELH Mgmt LLC, and the YMCA were chosen to develop the Bronxchester Urban Renewal sites in the Melrose neighborhood, the last large assemblage of City-owned vacant land in the South Bronx, all but completing the major development projects that have rebuilt and revitalized the once blighted community. Bordered by Bergen Avenue, Brook Avenue and East 149th Street, the development, which will be known as La Central, will encompass five new buildings with a total of 985 units of mixed-income affordable housing, along with a host of new retail, community and recreation spaces including a new YMCA. The Mayor made the announcement at the Hub Retail and Office Center, a City-sponsored retail development that is adjacent to the Bronxchester sites, where he was joined by HPD Commissioner Visnauskas; HDC President Jahr; Geoff Flournoy, Managing Partner of BRP Companies; Aaron Koffman, Director of Affordable Housing for the Hudson Companies; Bronx Borough President Ruben Diaz; and Council Member Maria del Carmen Arroyo.




Thursday, December 12, 2013
HPD, HDC, EXACT CAPITAL, MONADNOCK DEVELOPMENT AND PARTNERS CELEBRATE RETURN OF TENANTS TO FORMERLY BLIGHTED BRYANT AVENUE BUILDINGS
Bronx, NY – New York City Department of Housing Preservation & Development (HPD) Commissioner RuthAnne Visnauskas, New York City Housing Development Corporation (HDC) Executive Vice President for Real Estate Joan Tally, Exact Capital, Monadnock Development and partners celebrated the re-opening of 1553-1555 and 1558 Bryant Avenue in the Bronx. Both buildings underwent significant rehabilitation after being acquired by Exact Capital and Monadnock Development in 2011. The buildings’ previous owner allowed the properties to fall into such disrepair that they were placed in HPD’s Alternative Enforcement Program (AEP), an initiative that annually targets the 200 most distressed buildings in the City for remediation. HPD, the development team, lenders and other partners were able to affect a change in ownership, and put in place a comprehensive rehab and financing plan that got the buildings back into good repair and into a stable financial situation for the long-term.




Wednesday, December 11, 2013
HPD COMMISSIONER VISNAUSKAS, ELECTED OFFICIALS, MONADNOCK DEVELOPMENT AND CLINTON HOUSING ASSOCIATION CELEBRATE THE OPENING OF AFFORDABLE CO-OP UNITS ON THE WEST SIDE OF MANHATTAN
New York, NY - NYC Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas, Monadnock Development, Clinton Housing Association and Elected Officials celebrated the opening of the Park Clinton affordable cooperative. Located at 535 West 52nd Street, the development which was built on formerly city-owned land brings 96 new permanently affordable co-op units available to a diversity of incomes to Manhattan’s Clinton neighborhood.




Thursday, December 5, 2013
HPD COMMISSIONER VISNAUSKAS ANNOUNCES DEVELOPMENT TEAM TO BUILD 1,193 NEW APARTMENTS IN SECOND PHASE OF HUNTER’S POINT SOUTH MEGA PROJECT
NYC Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas announced today that a development team consisting of TF Cornerstone and Selfhelp has been selected to build Phase II of the City’s massive Hunter’s Point South development. The developers were chosen through a competitive Request for Proposals (RFP). The site, referred to as Parcel C, located in Long Island City, Queens and bounded by Borden Avenue to the north, 2nd Street to the east, 54th Avenue to the south, and Center Boulevard to the west, will be developed into two high-rise buildings with a total of 1,193 new apartments. Of the total, 796 apartments will be affordable, with 100 of those units reserved for low-income senior citizens. The remainder of the apartments will be market-rate. Phase II will also feature a fitness facility, rooftop gardens and decks, children’s playroom, an on-site Senior recreational center and other amenities.




Tuesday, December 3, 2013
HPD, HDC & NYCHA JOIN SKA MARIN AND PARTNERS TO CELEBRATE THE RIBBON-CUTTING FOR NEW AFFORDABLE SENIOR HOUSING IN BROOKLYN
Brooklyn, NY - The New York City Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas, New York City Housing Development Corporation (HDC) President Marc Jahr, the New York City Housing Authority (NYCHA) Chairman John Rhea, the U.S. Department of Housing and Urban Development (HUD) New York Hub Multi-Family Director Teresa Bainton, and Brooklyn Borough President Marty Markowitz joined SKA Marin, the Calvary Church of God, Catholic Charities of Brooklyn and Queens, and partners to celebrate at the ribbon-cutting ceremony for Riverway Apartments.




Thursday, November 21, 2013
HPD, HDC, NYCHA, CPC Resources, L+M Development Partners, Lemle & Wolff, The New York Housing Partnership, and Partners Celebrate the Groundbreaking of Affordable Family Housing in the Bronx
Bronx, NY – The New York City Department of Housing Preservation and Development (HPD) and The New York City Housing Development Corporation (HDC) joined CPC Resources, Inc. (CPCR), L+M Development Partners, Lemle & Wolff, The New York Housing Partnership, the New York City Housing Authority (NYCHA), and partners to celebrate the groundbreaking of Soundview Family Housing, located in the Soundview section of the Bronx. Immediately adjacent to Soundview Park, one of the Bronx’s largest parks, the eight-story building will house 120 low-income families and is the first in a multi-phase development.




Tuesday, November 19, 2013
HCR, HPD & OER Join The Acacia Network, CPC and Partners To Celebrate The Start Of Construction Of 60 New Affordable Apartments For Seniors In The Bronx
New York State Homes and Community Renewal (HCR), New York City Department of Housing Preservation & Development (HPD) and the New York City Mayor’s Office of Environmental Remediation (OER) joined Acacia Network, The Community Preservation Corporation (CPC) and partners to celebrate the start of construction on the $17.4 million West Tremont Senior Residences, located at 92 West Tremont Ave in the Bronx. The new building, which is being constructed on land provided by the City, will provide affordable housing for 60 low- and very low-income senior citizen households. The New York State Energy Research and Development Authority (NYSERDA) and Hudson Housing Capital were also in attendance.




Friday, November 15, 2013
Housing and Elected Officials, HANAC, Church Leaders, and Enterprise Join New Tenants at Grand Opening of Affordable Senior Residence in Astoria
The New York City Department of Housing Preservation and Development (HPD), New York State Department of Homes and Community Renewal (HCR), Congresswoman Carolyn Maloney, Queens Borough President Helen Marshall, the Hellenic-American Neighborhood Action Committee (HANAC), the Presbyterian Church of Astoria (PCA), the US. Department of Housing and Urban Development (HUD), and residents gathered today to celebrate the grand opening of the HANAC-PCA Senior Residence in the Astoria section of Queens. The $24 million project, built on the former site of the Presbyterian Church of Astoria, has 66 new units of green, affordable senior housing and offers supportive services. Also celebrating the ribbon cutting were representatives from the Federal Home Loan Bank of New York, Astoria Federal Savings, New York State Energy Research and Development Authority (NYSERDA), Enterprise Community Investment, Inc. (Enterprise).




Thursday, October 31, 2013
HCR, HPD & HDC JOIN DUNN DEVELOPMENT CORP, L+M DEVELOPMENT PARTNERS, PRATT AREA COMMUNITY COUNCIL AND PARTNERS TO CELEBRATE THE RIBBON-CUTTING OF NAVY GREEN’S FIRST DEVELOPMENT PHASE
Brooklyn, New York – Today, New York State Homes and Community Renewal (HCR) Commissioner/ CEO Darryl C. Towns, New York City Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas, New York City Housing Development Corporation (HDC) President Marc Jahr, Dunn Development Corp., L+M Development Partners, Pratt Area Community Council (PACC), Housing Partnership Development Corporation and Brooklyn Community Housing and Services, Inc. celebrated the completion of Navy Green’s first development phase. The first phase of this development includes two mixed-income multifamily buildings and one supportive housing development with a combined total of 314 units of mixed income housing. The 103,000-square-foot site formerly known as the “Brig” was built in the early 1940s and served as a naval prison. The development of Navy Green represents a successful collaborative public-private effort, guided by the local community’s vision for the site, to transform a formerly underutilized, industrial block into a thriving, mixed-income, mixed-use development that helps meet the area’s need for affordable housing and which brings critical services to the community.



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