Oct. 16, 2024 By Adam Daly Gov. Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the pipeline, including…
Apr. 15, 2024 By Jada Camille
Two public housing sites in Coney Island are next in line to vote on whether they’ll enter the city’s new permanent affordability program, join a housing trust or remain Section 9 housing, the New York City Housing Authority announced.
Feb. 9, 2024 By Gabriele Holtermann
As New York City faces the worst housing crisis in over 50 years, Governor Kathy Hochul on Friday announced that 18 new housing developments in Gowanus will move forward under the Gowanus Neighborhood Mixed Income Housing Development Program.
Oct. 9, 2023 By Melissa Fishman
Construction is set to begin on a new $55 million housing development in Crown Heights after developers received crucial funding from Urban Standard Capital.
Jul. 18, 2023 By Isabel Song Beer
Governor Kathy Hochul visited Brooklyn on Tuesday to announce a series of executive actions she said would promote housing growth amid an untenable housing crisis in New York — including a specific financial incentive for developers in the recently-rezoned Gowanus area.
Jul. 13, 2023 By Isabel Song Beer
In East New York, where more than one-third of residents pay 50% or more of their income in rent and the poverty rate is nearly 30%, some residents and community activists were disappointed when Albany failed to pass what they called “meaningful housing reform laws” in the most recent legislative session.
Apr. 27, 2023 By Isabel Song Beer
City and housing officials broke ground on a $42 million affordable and supportive housing project on the grounds of Woodhull Hospital on Thursday.