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Housing Development Corporation
Trinity Financial secures financing for affordable development in Brownsville
January 10, 2019 11:45AM
The New York Housing Development Corporation was the primary lender on roughly $83 million of city financing for the construction of another piece of...
These were the top 10 outer borough loans in July
August 30, 2018 08:00AM
The most common sight on July’s list of top outer borough loans was the city’s Housing Development Corporation. The agency was the lender on...
De Blasio wants monitors to oversee 1,200 privately-owned co-ops
February 27, 2017 12:00PM
Mayor Bill de Blasio is rolling out a plan two years in the making to impose strict new regulations on some 1,200 privately owned...
City mulling big changes to HDFC rules
September 28, 2016 12:15PM
The city is considering implementing major rule changes governing Housing Development Fund Corporation co-ops before tax breaks sunset in 2029, and residents are nervous.
Head of city’s affordable housing finance agency to step down
August 11, 2016 04:30PM
Gary Rodney, the head of the city’s affordable housing finance agency, will step down in September, city officials said Thursday.
Phoenix Realty acquires trio of Bronx Mitchell Lama buildings
January 29, 2016 05:11PM
The Phoenix Realty Group will renovate a trio of Mitchell Lama apartment buildings in the Bronx through an agreement with the city affordable housing...
“Worst Landlords” list includes 33 HDFC co-ops
January 22, 2016 10:00AM
In the latest kerfuffle around city Public Advocate Letitia James’ “Worst Landlords” list, more than 30 self-managed co-ops managed to get themselves on the...
Bergen Gardens multifamily complex asking $58M
May 28, 2015 12:45PM
Victor Gartenstein’s six-building Bergen Gardens multifamily complex and an adjacent commercial space in Brooklyn’s Bergen Beach neighborhood are on the market and asking $58 million....
City’s affordable finance arm plans first CMBS deal
October 06, 2014 06:02PM
The city’s affordable housing finance unit is planning for the first time to issue bonds that will be packaged as commercial mortgage backed securities....
City looking for firms to help with affordable housing plan
August 19, 2014 11:35AM
The city is looking for firms that can help determine which neighborhoods would qualify for mandatory inclusionary zoning and where it would encourage more...
Income-restricted co-op listings languish
June 28, 2014 02:00PM
Even in New York City’s red-hot residential market, listings with income restrictions are languishing.
City approves $500M for affordable housing
June 17, 2014 08:30AM
The New York City Housing Development Corporation approved $500 million to fund nearly 3,000 units of affordable housing across the city on Monday.
Two Manhattan property managers charged with stealing from low-income buildings
January 26, 2012 05:30PM
A property manager and a treasurer at two Housing Development Fund Corporation buildings on the Lower East Side and the Upper West Side have...
City nears completion of massive affordable housing initiative
July 20, 2011 11:05AM
Affordable housing projects by area The city invested $1.25 billion during fiscal year 2011, which ended June 30, to create 3,873 units of affordable...
City comes to the rescue of Bronx’s “birthplace of hip-hop”
September 07, 2010 09:00AM
1520 Sedgwick Avenue The Bronx’s 1520 Sedgwick Avenue — a rundown affordable-housing apartment building sometimes credited as the “birthplace of hip-hop” — is now...
City finances 14,676 affordable style=”color
July 19, 2010 01:00PM
HPD Commissioner Rafael Cestero The city financed 14,676 affordable housing units during fiscal year 2010, which ended June 30, according to the Department of...
Real estate in brief
April 30, 2010 04:20PM
Harlem’s Metropolis garners FHA approval New Harlem condominium Metropolis has been approved by the Federal Housing Administration’s mortgage program. The FHA backing means that...
Bloomberg outlines affordable housing funding plans
March 01, 2010 09:33AM
The Bloomberg administration is planning to use the sluggish residential development market to its advantage by offering incentives to developers who build affordable housing,...
City program aims to replace owners of distressed, deteriorating rental buildings
January 22, 2010 09:57AM
A new city program will put $750 million in the hands of housing agencies to lend to owners who will buy up deteriorating moderate-rent...
Bronx resident charged in housing scheme
July 02, 2009 02:38PM
Bronx resident Amadou Lamoudi was indicted today after allegedly directing a fraudulent scheme in which he helped unqualified tenants file false applications for apartments...
Under pressure: Brookland Capital selling Marcy Ave resi building for $22M
This startup is trying to make renting more safe — and just scored Series A funding
Missoni takes retail space at Thor Equities’ 680 Madison Avenue
WeWork continues mid-size tenant push with 4 new Manhattan outposts
Meadow Partners considering co-op conversion for LIC luxury rental
January 2019 issue
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