Two mayoral housing plan initiatives likely to launch next year

Programs will give developers new to the city chance to "cut their teeth"

New York /
May.May 21, 2014 06:15 PM

Two of the mayor’s new housing initiatives will likely be ready to be launched in early 2015, according to Vicki Been, commissioner of the Department of Housing Preservation and Development.

At a city council budget hearing, Been said that the New Infill Homeownership Opportunities Program and the Neighborhood Construction Program, both part of Mayor Bill de Blasio’s $41 billion housing plan, will be ready for implementation by then.

More policy announcements will follow soon, she said during the hearing. The city will also announce the formation of the working groups that were announced as part of the mayor’s plan, Been indicated.

Been said that these programs will give developers who are new to the city “a chance to cut their teeth,” Crain’s reported.

Both new programs aim to gather vacant sites around the city and combine them, making them financially attractive to affordable housing developers. One program will focus on rental properties, the other on those for sale. [Crain’s] – Claire Moses


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
City Planning Commissioner Chair Marisa Lago (Getty, Dept. of City Planning)
Gowanus rezoning gets green light
Gowanus rezoning gets green light
420 Stockholm Street in Bushwick with State Attorney General Letitia James (Google Maps, Getty)
Ownership dispute at Brooklyn rental puts affordable tax break at risk, city says
Ownership dispute at Brooklyn rental puts affordable tax break at risk, city says
Paul Fishbein pretended to own properties across the city, pocketing rental assistance checks in the process, authorities said. (Getty)
Landlord imposter pocketed $1.5M in rental assistance: Authorities
Landlord imposter pocketed $1.5M in rental assistance: Authorities
DHS Commissioner Steven Banks. (Getty, Google Maps)
City to open Soho homeless shelter
City to open Soho homeless shelter
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
City Council member Justin Brannan (Getty, Justin Brannan via Facebook)
Council member wants to take up office-to-resi conversions debate
Council member wants to take up office-to-resi conversions debate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...