Residential
New state legislature presents opportunities for affordable housing
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New York State is now solidly controlled by the Democratic Party. In addition to maintaining control of the State Executive Branch and the State Assembly
Views
Affordable housing bills to consider at the polling booth
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As our nation approaches the November midterm elections, New Yorkers should be thinking about affordable housing as they head to the polls.
Construction & Design
Hudson to lead Greenpoint Hospital redevelopment, build 500 new homes
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The Hudson Companies has won the contract to turn the former Greenpoint Hospital Campus into a 500-unit housing development. Shuttered since 1982, the
Deals & Dealmakers
$905M Starrett City sale a win-win, says broker
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After nearly being derailed by familial infighting earlier this year, the sale of the nation’s largest subsidized housing complex closed last week for $905 million.
Banking and Finance
JV closes on $223M to build nation’s largest passive property
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Rendering of Sendero Verde by Handel Architects L+M Development Partners, Jonathan Rose Companies and Acacia Network announced the closing of $223 million
Residential
HPD allocates $18M in tax credit for 13 affordable housing projects
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The New York City Department of Housing Preservation and Development announced the allocation of $18.1 million in housing credits for 13 developments that
Construction & Design
City wants to turn 2 East Harlem sites into homes
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New York City Department of Housing Preservation and Development (HPD) Commissioner Louise Carroll has announced the release of a competitive Request for
NYSAFAH News
Solving affordable housing crisis means changing the conversation
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Any New Yorker who has tried to rent a house or apartment recently knows that New York City is in the throes of an affordable housing crisis.
Construction & Design
Hudson, Gilbane start turning jail into home
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Rendering of the 700-unit Peninsula affordable housing development. Work is set to start on transforming the site of a former Bronx jail into a 700-unit
Debt & Equity
Bellwether secures $34M for affordable housing in Bronx, Harlem and Long Island
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Bellwether Enterprise Real Estate Capital, the mortgage banking subsidiary of Enterprise Community Investment, has closed over $34 million in loans for
Featured
Partnership will harness technology to solve affordable housing crisis
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To help solve issues in affordable housing, startups, venture capital and public players all agree on one thing: it’s time to turn to technology.
Deals & Dealmakers
City puts a target on big spenders with new Speculation Watch List
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The city is putting speculative building investors on notice to tread carefully. A new Speculation Watch List issued by the Department of Housing Preservation