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Posts Tagged ‘affordable housing’

  • Arlington Village Brooklyn NY

    From left: Eli Tabak, 3100 Atlantic Avenue in East New York and Amit Doshi

    A group of investors led by Eli Tabak of the Bluestone Group acquired a two-building apartment complex known as Arlington Village in East New York for $30 million, with plans to redevelop it as affordable housing, The Real Deal has learned. [more]

    3 Comments
  • Carl Weisbrod and Mayor Bill de Blasio

    Carl Weisbrod and Mayor Bill de Blasio

    City Planning Commission chairman Carl Weisbrod admitted yesterday that Mayor Bill de Blasio’s goal of creating and preserving 200,000 units of affordable housing over the next decade won’t solve the affordable housing crisis. To make a real impact, he said, policymakers will have to look toward the suburbs. [more]

    10 Comments
  • From left: Bill de Blasio and Rob Speyer

    From left: Bill de Blasio and Rob Speyer

    Tishman Speyer’s residential megaproject in Long Island City is eligible for a $200 million 421a tax abatement without having to build a single low-cost unit, something that is creating friction with leadership at City Hall. [more]

    13 Comments
  • de blasio rift

    Mayor Bill de Blasio and (from top) Council Speaker Melissa Mark Viverito, Councilman Carlos Menchaca and Councilman Jimmy Van Bramer

    Differences on land-use policy are causing clashes between Mayor Bill de Blasio’s administration and the City Council, and threaten to create a serious rift between the two traditional allies.

    In neighborhoods ranging from East New York, where Council Speaker Melissa Mark-Viverito refuses to sign off on de Blasio’s proposed rezoning, to Sunset Park, the site of an impasse between Councilman Carlos Menchaca and the New York City Economic Development Corp. over redevelopment of the South Brooklyn Marine Terminal, the mayor is facing pushback from leaders with anti-development positions, according to Crain’s. [more]

    1 Comment
  • Tenant advocates rallied on Wednesday afternoon

    Tenant advocates rallied outside One57 last month (Credit: Claire Moses/The Real Deal)

    Eliminating the 421a tax program altogether — which is what tenant advocates are trying to accomplish — could result in a freeze of development and could lower the prices that developers are willing to pay for land. [more]

    9 Comments
  • 059-060 Knakal se FINAL.indd

    From left: Bob Knakal, Ian Reisner, Daren Hornig and Josh Schuster

    Federal tax reform could have disastrous effects on the city’s real estate market if it shakes things up too much, industry players said this morning at a panel organized by the Academy for Continuing Education, a residential brokerage school. [more]

    4 Comments
  • CarlWeisbrod

    Carl Weisbrod

    Mayor Bill de Blasio has proposed zoning changes that would eliminate parking requirements for new affordable and senior housing within half a mile of mass transit as well as allow for taller buildings.

    The mayor introduced the zoning changes on Friday, according to Capital New York. First, the proposal will have to go through the public land-use review process. [more]

    1 Comment
  • “421-a paid for my bidet”

    February 18, 2015 05:35PM
    Tenant advocates rallied on Wednesday afternoon

    Tenant advocates rallied outside One57 on Wednesday (Credit: Claire Moses/The Real Deal)

    More than 80 tenant advocates descended on New York’s “Billionaires’ Row” Wednesday to protest against what they believe is an unfair tax break for the wealthy. [more]

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  • From left: Jack Nyman and Vicki Been

    From left: Jack Nyman and Vicki Been

    Rent costs are a severe burden for a third of New Yorkers, and the city is at risk of becoming a gated community unless it can solve its affordability crisis, housing experts said at a conference this morning.

    “The number one expense for New Yorkers,” said Jack Nyman, executive director of the Steven L. Newman Real Estate Institute and the organizer of the Implementing Affordable: New York’s Affordable Housing Crisis conference, said on Wednesday, “is living.” [more]

    48 Comments
  • From left: Allan Arker and Sol Arker

    From left: Allan Arker and Sol Arker

    The Arker Companies,which specializes in developing low-income housing, is proving itself to be an important player in Mayor Bill de Blasio’s plan to build and preserve 200,000 affordable units.

    The company was founded by Aron Arker, a Polish immigrant and Holocaust survivor who eventually settled in East Flatbush and started a successful business building moderately-priced one and two-family homes in Brooklyn and Staten Island, according to the Wall Street Journal. It is now run by Aron’s two sons, Allan and Sol Arker, his grandson, Alex Arker, and an in-law, Daniel Moritz. [more]

    Comments
  • From left: Bill de Blasio and a recent tenant rally in New York City

    From left: Bill de Blasio and a recent tenant rally in New York City

    As Mayor Bill de Blasio embarks on his mission to create and preserve affordable housing and fight for stronger rent regulation laws, he could find himself caught between tenant advocates and the real estate industry. [more]

    Comments
  • From left: East New York and Bill de Blasio

    From left: East New York and Bill de Blasio

    Residents are increasingly critical of Mayor Bill de Blasio’s housing plan, that includes adding affordable housing to some of the city’s poorest neighborhoods. [more]

    16 Comments
  • Bill de Blasio

    Bill de Blasio

    Mayor Bill de Blasio announced six new neighborhoods where developers will be required to build affordable units and a plan to add 80,000 affordable apartments by 2024 during his second State of the City address on Tuesday.

    He also proposed solving part of the housing crisis by creating an additional 160,000 market-rate units, and targeted predatory landlords and developers who received tax breaks in the past without having to provide affordable housing. [more]

    21 Comments
  • Bill de Blasio

    Bill de Blasio

    Mayor Bill de Blasio will focus on affordable housing during Tuesday’s State of the City address.

    The mayor’s plan to expand the city’s affordable housing stock by 200,000 newly created or preserved units will be the focus of the annual speech, according to Capital New York. De Blasio released a minute-long, online video teasing his second address. In the video, de Blasio calls affordable housing “our number one priority for 2015.” [more]

    Comments
  • A homeless family and 1016 East 174th Street in the Bronx

    A homeless family and 1016 East 174th Street in the Bronx

    Thousands of New Yorkers are now living in poorly kept “cluster units” as the city’s homeless population tops 59,000. [more]

    4 Comments
  • himrod

    From left: Erik Dilan and a Benitez project at 87 Himrod in Bushwick

    Former City Council member Erik Dilan agreed to pay a $9,000 fine for failing to disclose his financial ties to Sergio Benitez, a Brooklyn affordable housing developer who has business before the Council.

    Dilan began renting an affordable housing unit from Benitez in 2003. The city’s Conflict of Interest Board launched an investigation eight years later. The board found that Dilan broke city conflicts of interest law when he voted to approve three of Benitez’s affordable housing projects. [more]

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  • brooklyn-bridge-park-asympote

    Rendering of towers at Brooklyn Bridge Park (credit: Asymptote Architecture)

    The Brooklyn Bridge Park Corporation is considering altering the official park plan to allow for the construction of affordable housing. [more]

    2 Comments
  • From left: Bill de Blasio and a recent tenant rally in New York City

    From left: Bill de Blasio and a recent tenant rally in New York City

    Tenant advocates are planning to fight to put an end to a tax abatement program that is widely used by the city’s developers. [more]

    Comments
  • Andrew Cuomo

    Andrew Cuomo

    Governor Andrew Cuomo said in his State of the State speech today that New York will invest $486 million to help build and preserve low-cost housing in the state.

    About $257 million of those funds would come out of the state’s share of a $13 billion settlement with JPMorgan Chase over mortgage-bond sales, he said. [more]

    Comments
  • A woman purportedly scammed several Uptown residents out of thousands of dollars when she promised them apartments in an affordable housing development in Inwood. Instead, she allegedly disappeared with their cash. [more]

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