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As legislators return to session, housing system requires support
07
The New York State Legislature is scheduled to reconvene this week and is expected to consider legislation to help New York’s economy recover from the
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After New York’s latest protections, next step is a Federal response
08
The ongoing economic disruption facing New York is exacerbating a housing crisis in which millions of New Yorkers were struggling to pay rent each month
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Government must lay foundations for a more affordable tomorrow
07
Millions of American renters were struggling to pay rent each month even before the COVID-19 pandemic ushered in an unprecedented economic crisis.
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City green lights plan to turn former Watchtower hotel into apartments
07
A former Watchtower hotel property in DUMBO is set to be transformed into a 508-unit affordable apartment property. Breaking Ground, the city’s largest
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Been on 421a: ‘We’re waiting to see what the governor comes up with to rescue this mess’
05
Vicki Been, the commissioner of the city’s Housing Preservation and Development department, refrained from subtleties when asked about the demise of the
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Cuomo pushes infrastructure, an end to homeless in 2018 state of the state
07
In his eighth state of the state address, Gov. Andrew Cuomo extolled the importance of infrastructural investment to keeping New York economically competitive
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Housing finance company executes single largest CDFI bond sale
07
The Community Preservation Corporation (CPC), a nonprofit multifamily finance company, raised $150 million through its inaugural public debt offering of
Construction & Design
HPD selects teams to develop hurricane-proof affordable homes
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The New York City Department of Housing Preservation and Development (HPD) announced the selection of M/WBE development teams Urban Ecospaces and D Handy
Debt & Equity
CPC and L+M close on $33M refinancing deal
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The Community Preservation Corporation (CPC) and L+M Development Partners announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH)
Banking and Finance
K&R forms new equity partnership for affordable housing portfolio
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K&R Preservation, the New York City-based affordable housing development firm owned and operated by its principals Francine Kellman and Brian Raddock
Construction & Design
$39M Yonkers complex gets underway
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The property is being developed by housing and social service company, Westhab Construction is underway on Dayspring Campus, a new development in Yonkers
Deals & Dealmakers
L&M bags$179M to build three affordable Brooklyn properties
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215 Livonia Avenue and 169 Livonia Avenue L+M Development Partners closed on financing for the construction of three new buildings as part of the Marcus