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Success of pivotal housing plans hinges on program like 421a
07
By REBNY President John Banks In last week’s column, I explained the significance of the City Council’s vote to approve Mayor de Blasio’s affordable housing
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de Blasio ramps up homes plan, promising 100,000 more affordable homes
07
Mayor Bill de Blasio’s plan to further ramp up affordable housing construction and protection has the support of New York’s real estate community but not
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East Harlem tenants win $60M affordability deal
07
A $60 million funding package will allow developers to preserve the affordable Los Tres Unidos apartments in East Harlem. A partnership between Nuevo El
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Camber boss Rick Gropper sees more than opportunity in affordable housing sector
07
Building affordable housing in the ruthless real estate market of New York City isn’t a pipe dream, at least for Rick Gropper. The co-principal of Camber
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Election brings upstarts into the fray
07
Seven Democratic state senators were ousted during last week’s primary elections by left-leaning candidates, some of whom ran on pro-tenant or even anti-development platforms.
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Cuomo pushed rent-controlled tenants to take buyouts at West Village Houses
05
It was December 5, 2003, and negotiations were stalled. Hoping to coax his rent-controlled tenants into buyouts, Andrew Farkas brought an independent housing
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Ground broken for Bronx development
07
Rendering of the new Park Haven property. Ground has been broken for Park Haven, a 178-unit affordable housing development at 345 St. Ann’s Avenue in Mott Haven.
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$905M Starrett City sale a win-win, says broker
07
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.
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Taconic partners with Clarion for afford housing investment venture
07
As New York prices continue to climb, a pair of real estate investment firms sees potential in the affordable housing market. Taconic Investment Partners
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HPD selects teams to develop hurricane-proof affordable homes
07
The New York City Department of Housing Preservation and Development (HPD) announced the selection of M/WBE development teams Urban Ecospaces and D Handy
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CPC and L+M close on $33M refinancing deal
07
The Community Preservation Corporation (CPC) and L+M Development Partners announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH)
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Simmons eyes affordable housing with new investment company
08
Asland said it wants to create over 400 new apartments at the Park Lane site. Former Ares partner, James H. Simmons III, has launched his own real estate