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NYC Department of Housing Preservation & Development
Press Room

Thursday, September 19, 2013
MAYOR BLOOMBERG, CITY, STATE, FEDERAL HOUSING AGENCIES ANNOUNCE $732 MILLION INVESTMENT TO MODERNIZE AND PRESERVE NEW YORK CITY’S PUBLIC HOUSING
Mayor Michael R. Bloomberg, New York City Housing Authority Chairman John B. Rhea, New York City Housing Development Corporation President Marc Jahr, and U.S. Housing and Urban Development Acting Regional Administrator Mirza Orriols today announced that the city’s latest capital project bond issuance has generated approximately $732 million – the largest bond proceeds ever raised for public housing authority capital funds – for repairs at NYCHA public housing developments across the city. Of that amount, $476 million in bond proceeds will fund repairs to deteriorating building exteriors and systems at 24 public housing developments with approximately 32,000 residents. Work has begun at two locations in Brooklyn.




Thursday, September 19, 2013
HPD, STATE OFFICIALS AND COMUNILIFE CELEBRATE THE GROUNDBREAKING FOR EL RIO RESIDENCES IN THE BRONX
Bronx, NY – The NYC Department of Housing Preservation and Development (HPD), New York State Office of Temporary Disability Assistance (OTDA), and Comunilife celebrated the start of construction on El Rio Residences, its newest supportive housing residence in the Bronx. El Rio, which is located in the West Farms neighborhood of the Bronx, will provide housing to 26 low-income individuals and 39 formerly homeless individuals living with mental illness. Also attending the groundbreaking were Bronx Borough President Ruben Diaz, Jr., Deputy Bronx Borough President Aurelia Greene, Red Stone Equity, GranKreigel Associates and Fasio Construction.




Wednesday, September 18, 2013
MAYOR BLOOMBERG UNVEILS PLANS FOR MAJOR MIXED-USE DEVELOPMENT IN LONG-VACANT SEWARD PARK AREA ON LOWER EAST SIDE
Mayor Michael R. Bloomberg today unveiled plans that will transform the largest stretch of undeveloped City-owned land in Manhattan below 96th Street into vibrant, mixed-use space in one of New York’s most dynamic, diverse and historic neighborhoods. Nine sites located near the intersection of Essex Street and Delancey Street will become a 1.65-million-square-foot development anchored by 1,000 units of housing, half of which will be permanently affordable for low-, moderate-, and middle-income households and senior citizens. In addition, the project, to be called Essex Crossing, includes a 15,000-square-foot open space, a new and expanded Essex Street Market, a dual-generation school operated by the Educational Alliance, a community center run by Grand Street Settlement, a rooftop urban farm, the Andy Warhol Museum, 250,000 square feet of office space and a diverse mix of retail space. Seward Park will also become a hub of small-business incubation, with micro-retail spaces and creative and tech co-working and incubator space. The project represents $1.1 billion dollars of investment by Delancey Street Associates LLC, a joint venture comprised of L+M Development Partners, BFC Partners, and Taconic Investment Partners, and will create approximately 1,600 permanent jobs and 4,400 construction jobs. Mayor Bloomberg made the announcement at a former public market building south of Delancey – the site of the new, expanded Essex Street Market – and was joined by Deputy Mayor for Economic Development Robert K. Steel, Council Member Margaret Chin, Department of Housing Preservation and Development Commissioner RuthAnne Visnauskas, Economic Development Corporation President Kyle Kimball, Housing Development Corporation President Marc Jahr, Chairperson of Community Board 3 Gigi Li, L+M Development Partners CEO Ron Moelis, BFC Partners President Donald Capoccia, Taconic Investment Partners Co-CEOs Charles Bendit and Paul Pariser and Margarita Rosa, executive director of Grand Street Settlement.




Monday, September 16, 2013
HPD, AAFE AND TENANTS OF 244 ELIZABETH STREET CELEBRATE START OF $3.9 MILLION GUT REHAB OF PROPERTY BEING CONVERTED TO AFFORDABLE LOW-INCOME CO-OP
The New York City Department of Housing Preservation and Development (HPD) joined Asian Americans for Equality (AAFE), local elected officials, and the tenants of 244 Elizabeth Street to celebrate the start of construction at the five-story Lower East Side property. The building is being rehabbed through HPD’s Affordable Neighborhood Cooperative Program (ANCP), with AAFE acting as the developer for the project which is converting the building from a rental to a low-income cooperative that will be owned and managed by the current tenants. When complete, the $3.9 million conversion will create 19 affordable cooperative units and ground floor retail space in the formerly city-owned property. In attendance were HPD Assistant Commissioner Jacqueline Alexander, AAFE Executive Director Christopher Kui, Council Member Margaret Chin, 244 Elizabeth Street Tenant Association President Krista Retto, Low Income Investment Fund Senior Vice President, Eastern and Central Regions Judi Kende, and Neighborhood Restore Executive Director Salvatore D’Avola




Thursday, September 12, 2013
HPD, ACACIA NETWORK AND PARTNERS CELEBRATE OPENING OF NEW SUPPORTIVE HOUSING DEVELOPMENT IN THE BRONX
BRONX, NEW YORK – The New York City Department of Housing Preservation and Development (HPD) joined Acacia Network, Inc. to celebrate the ribbon-cutting of Mosholu Gardens, a seven-story supportive housing development located at 245 East Mosholu Parkway North in the Norwood neighborhood of the Bronx. Mosholu Gardens provides 64 affordable rental units for low-income New Yorkers with a preference for formerly homeless individuals with special needs. Also in attendance were representatives from the NYC Department of Health and Mental Hygiene (DOHMH), the Corporation of Supportive Housing (CSH), the National Equity Fund, and local elected officials.




Thursday, August 29, 2013
HPD COMMISSIONER WAMBUA ANNOUNCES BUILDING OPPORTUNITY: AN INITIATIVE TO EXPAND OPPORTUNITIES FOR MINORITY- AND WOMEN-OWNED BUSINESSES
New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced Building Opportunity, a four-pronged initiative to expand opportunities for Minority- and Women-Owned Business Enterprises (M/WBEs) to compete more effectively for HPD’s affordable housing development programs. Many M/WBE developers have limited access to affordable credit or land, constraining their ability to compete with larger firms for HPD subsidy in building affordable housing. To address these challenges, HPD is rolling out a suite of policies and programs aimed at increasing opportunities for M/WBEs to compete to participate in HPD-financed development projects and seeking State legislation to authorize additional programs in the future




Wednesday, August 21, 2013
RUTHANNE VISNAUSKAS TO SUCCEED MATHEW M. WAMBUA AS HPD COMMISSIONER
The NYC Department of Housing Preservation and Development (HPD) announced today that Mayor Michael R. Bloomberg has appointed RuthAnne Visnauskas to serve as the next Commissioner of the agency. Ms. Visnauskas, currently HPD Deputy Commissioner for Development, will replace current HPD Commissioner Mathew M. Wambua who is departing to take the position of President of RHR Funding LLC, part of The Richman Group of Companies’ mortgage lending business.




Tuesday, August 20, 2013
HPD COMMISSIONER WAMBUA, HDC PRESIDENT JAHR AND COUNCIL SPEAKER QUINN ANNOUNCE OFFICIAL LAUNCH OF CITY’S NEW AFFORDABLE HOUSING LOTTERY WEBSITE
NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua, City Council Speaker Christine C. Quinn, and NYC Housing Development Corporation President Marc Jahr today announced the official launch of NYC Housing Connect, the City’s affordable housing lottery website. NYC Housing Connect simplifies and eases the housing lottery process by allowing New Yorkers to fill out a single online application that can be saved and edited, which can be used to apply to multiple new housing lotteries. The site will accept applications for all of the City’s future affordable rental housing lotteries, and there are currently five new affordable housing developments in three boroughs accepting applications on the new website. The application period for a new development in the West Farms neighborhood of the Bronx began yesterday in advance of today’s official launch of NYC Housing Connect, and the first four developments were added within the past weeks as part of a “soft” launch in order to ensure that the new website could effortlessly handle and manage traffic from the public for multiple housing lotteries




Thursday, August 15, 2013
HUD & HPD JOIN CPCA, RBSCC AND PARTNERS TO CELEBRATE THE START OF CONSTRUCTION ON THE CORETTA SCOTT-KING SENIOR HOUSES
Brooklyn, NY – The US Department of Housing and Urban Development (HUD) and New York City Department of Housing Preservation and Development (HPD) joined the Community Partners Commission Association (CPCA), the Ridgewood Bushwick Senior Citizens Council (RBSCC) and partners today to celebrate the start of construction on Coretta Scott-King Senior Houses. The new development will create 51 units of low-income affordable housing for seniors in Brooklyn’s East New York neighborhood... Also in attendance were project partners and supporters including local elected officials.  




Thursday, August 15, 2013
CITY ANNOUNCES MORE THAN $3 MILLION IN GRANTS FROM PRIVATE INSTITUTIONS TO AID IN NEW YORK’S LONG-TERM STORM RECOVERY EFFORTS
New York City Housing Preservation and Development Commissioner (HPD) Mathew M. Wambua, New York City Housing Development Corporation (HDC) President Marc Jahr, the Mayor’s Office of Housing Recovery Operations (HRO) Director Brad Gair, and the Mayor’s Fund to Advance New York City President Megan Sheekey announced that a consortium of 16 foundations and financial institutions has come together to provide more than $2.6 million in private funding to support the recovery and future of neighborhoods affected by Hurricane Sandy. Collectively known as the NYC Housing and Neighborhood Recovery Donors Collaborative, the 16 institutions have worked in close partnership with HPD, HDC, HRO and the Mayor’s Fund which is providing $637,500 in matching Hurricane Sandy relief funds; bringing the total funding to more than $3.2 million. Funds from the Collaborative are targeted to help with medium- and long-term planning and rebuilding efforts of housing and neighborhoods currently in the City’s Community Development Block Grant Disaster Recovery (CDBG-DR) Action Plan.



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