Department of Housing Preservation and Development | The Real Deal New York

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Department of Housing Preservation and Development

100 Gold Street
New York, NY 10038
(212) 863-6300
Website
mfnc@hpd.nyc.gov

The New York City Department of Housing Preservation and Development (HPD) is the municipal government agency, established in 1978, charged with protecting existing government-owned housing stock and expanding affordable housing. In practice, HPD is a city government-owned real estate development company that specializes in no-frills housing. The agency has more than 2,000 employees and an annual budget of a $1 billion. It administers 421a and Mitchell-Lama, tax breaks and subsidies that encourage private developers to build residential units priced below-market. Since 2014, Vicki Been has served as the departments commissioner.


08/10/18
...mixed-use developments receiving $2 million or more from the Department of Housing Preservation and Development must give commercial tenants a lease of at least 10 years "with limited rental increases...

08/03/18
...with the city’s Department of Finance and Department of Housing Preservation and Development — never enforced the ruling. In 2015, ProPublica revealed that landlords accepting J-51 breaks charged market...

07/19/18
...projects that pay these wages. In March, the Department of Housing Preservation and Development suspended 421a benefits from more than 1,700 properties, claiming owners and developers didn't file for...

07/18/18
...current tenants. Libby Rohlfing, a spokeswoman for the Department of Housing Preservation and Development, told Politico that Third Party Transfer was a last resort but the most effective...

07/16/18
...and a grant from the New York City Department of Housing Preservation and Development. The only two loans in the Bronx that have been larger than this so...

07/16/18
...married to Maria Torres-Springer, commissioner of the city Department of Housing Preservation and Development. – Rich Bockmann  ...

07/09/18
...in subsidies and tax-exempt bonds from the city's Department of Housing Preservation and Development and the Housing Development Corporation for a project at 975 Tiffany Avenue. The joint venture...

07/03/18
...are able to secure building permits. The city's Department of Housing Preservation and Development is considering a rule change that would require landlords of buildings that recently changed...

06/22/18
...was listed as having more violations with the Department of Housing Preservation and Development than any other building in Queens, but the landlord has still not fixed the...

06/22/18
...methodology for the "watch list" is flawed. The Department of Housing Preservation and Development recently proposed guidelines for what buildings will appear on its "Speculation Watch List." HPD...

06/06/18
...taking legal action against homeowners. The city’s Department of Housing Preservation and Development announced in February that it took over 38 distressed mortgage notes for one- to four-family...

06/04/18
...developers for the contentious Broadway Triangle sites. The Department of Housing Preservation and Development on Friday issued a request for proposals to develop the Broadway Triangle, three sites...

06/02/18
...to $623,000, thanks to subsidies from New York’s Department of Housing Preservation and Development and the New York State Affordable Housing Corporation, as the New York Post reported...

...taking legal action against homeowners. The city’s Department of Housing Preservation and Development announced in February that it took over 38 distressed mortgage notes for one- to four-family...

05/31/18
...Thursday's announcement. Vicki Been, former commissioner of the Department of Housing Preservation and Development and current professor at New York University, will co-chair the group with Marc Shaw...

05/24/18
...will need to be a modular one. The Department of Housing Preservation and Development is issuing an RFP on Thursday for a mixed-use modular building in East New...

05/11/18
...Torres-Springer, 41, was named commissioner of the city’s Department of Housing Preservation and Development in January 2017. It’s her third gig with the de Blasio administration, having served...

05/02/18
...s Housing Development Corporation and loans from the Department of Housing Preservation and Development. They hope to close on construction financing later this year. Maddd Equities did not...

...Torres-Springer, 41, was named commissioner of the city’s Department of Housing Preservation and Development in January 2017. It’s her third gig with the de Blasio administration, having served...

03/01/18
...the approval of HUD, and the city’s Department of Housing Preservation and Development. The federal agency will pay a maximum of $4.5 million a year in rent for...

02/28/18
...Maria Torres-Springer (Credit: Google Maps) The city’s Department of Housing Preservation and Development is launching the first building under its new low- and moderate-income homeownership program. At...

02/13/18
...of vacant sites. The new projects represent the Department of Housing Preservation and Development’s third and last round of designations through its New Infill Homeownership Opportunities Program...

02/12/18
...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...

02/07/18
...January 2017, signed a 40-year affordability agreement with the Department of Housing Preservation and Development and spent $4.1 million on capital improvements. L+M runs a housing preservation fund with...

01/30/18
...reached a 40-year agreement with the city’s Department of Housing Preservation and Development to keep the units affordable and pledged to upgrade building security, lighting and apartment...
  • Event Financing
  • Address 143 West 108th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 45,000
  • Price $ 54,600,000
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 The West Side Federation for Senior and Supportive Housing
  • Party 2 Department of Housing Preservation and Development
notes
The owner secured a construction loan of $54.6 million for the Upper West Side property.
  • Event Financing
  • Address 975 Tiffany Street
  • Neighborhood Longwood
  • Borough Bronx
  • Square feet 148,827
  • Price $ 55,000,000
  • Publication Date 07/09/2018
  • Event Date 07/09/2018
  • Party 1 Property Resources, Camber Property Group
  • Party 2 New York City Department of Housing Preservation and Development, Housing Development Corporation
notes
The owners secured a loan of $55 million for the Longwood property.
  • Event Financing
  • Address 340 West 85th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 51,520
  • Price $ 42,000,000
notes
The proposed Senior and Supportive Housing by its new owner, the West Side Federation, secured a loan of $42 million from the The NYC Department of Housing Preservation and Development.
  • Event Financing
  • Address Hamilton Heights
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 2 Community Preservation
notes
A $1.06 million loan was provided for the moderate rehabilitation of the property. The Department of Housing Preservation and Development provided additional financing of $1.5 million. six-story, 24-unit rental.
  • Event Retail Leasing
  • Address 133 Lenox Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 4,700
notes
The property is being developed in conjunction with the New York City Housing Development Corporation, the New York City Department of Housing Preservation and Development, and the New York City Housing Partnership.
  • Event Retail Leasing
  • Address 143 Lenox Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 04/01/2006
  • Event Date 02/20/2006
  • Party 1 Bluestone Organization
  • Party 1 Brokerage CBRE
  • Party 1 Broker Matthew Gorman, Allison Winters
  • Party 2 Wachovia
  • Party 2 Brokerage Garrick-Aug Worldwide
  • Party 2 Broker Jonathan Krivine
notes
The property is being developed in conjunction with the New York City Housing Development Corporation, the New York City Department of Housing Preservation and Development, and the New York City Housing Partnership.
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...development. Through partnerships with developers, the city’s Department of Housing Preservation and Development, and the New York City Housing Authority spearheaded north of 2.5 million square feet of...

...budget for 2011 through 2014 slashed its allocation to the Department of Housing Preservation and Development by $70 million. "Resources have been more constrained than originally hoped for," said Lisa Gomez...
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