Why is the city holding onto hundreds of vacant sites?

New report says parcels could ease affordable housing crisis

TRD NEW YORK /
Feb.February 12, 2018 06:00 PM

Scott Stringer

The city controls hundreds of vacant parcels of land that could be used for some 50,000 units of affordable housing, according to a new report by City Comptroller Scott Stringer. Instead, the land has languished.

Two years ago, the comptroller’s office identified 1,125 vacant parcels controlled by the city’s Department of Housing Preservation and Development. At the time, agency officials said 450 of those sites would be transferred to developers within two years, Crain’s reported. The comptroller’s recent report found that only 64 of those properties were transferred over.

“We’ve come back two years later, and we’ve uncovered that the agency’s promises were as empty as these vacant lots,” Stringer said in a statement.

HPD argues that 190 sites have been transferred to other city agencies, while Stringer’s report pegs the number of sites at 54. Agency officials have also noted that some of the sites aren’t ideal for housing since they are located in flood zones.

“The comptroller’s report misrepresents the facts and denies the very real progress made by HPD over the last four years,” HPD Commissioner Maria Torres-Springer said in a statement. [Crain’s]Kathryn Brenzel


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

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

House Speaker Nancy Pelosi (Credit: Chip Somodevilla/Getty Images)

Pelosi proposes SALT rollback in next stimulus

US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

Governor Andrew Cuomo (Credit: Eduardo Munoz Alvarez/Getty Images; Sue via Flickr)

Vacation home travel ban not on Cuomo’s agenda

Treasury Secretary Steve Mnuchin (Credit: Getty Images)

$2 trillion coronavirus stimulus deal reached

CHIP's Jay Martin 

“The landlord is just a collection agent for the city,” CHIP head argues

New York City Comptroller Scott Stringer (Credit: Andrew Burton/Getty Images, iStock)

Coronavirus will cost city billions in tax revenue: comptroller

arrow_forward_ios
Loading...