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Housing
nyc.gov/onenyc
Vision 1
One New York: The Plan for a Strong and Just City
will serve households at a range of income levels, and will be permanently affordable,
as part of the City’s effort to preserve communities and neighborhood affordability.
D. Expand opportunities for minority- and women-owned enterprises and
expand the pool of developers building affordable housing
The Department of Housing Preservation and Development (HPD) is committed
to promoting the participation of Minority- and Women-Owned Business
Enterprises (M/WBE) in the development and management of affordable housing
subsidized under City-sponsored programs. Through the Building
Opportunity initiative, HPD seeks to build the capacity of M/WBE through
professional development, networking, and mentoring programs; improve access
to capital for M/WBE developers with low-cost financing options for site-
acquisition and predevelopment costs; and enhance the ability of M/WBE
developers to compete more effectively for HPD support by providing targeted
new construction and preservation opportunities.
E. Support and expand efforts to preserve affordable units through
neighborhood planning and outreach
Effective preservation strategies will vary by neighborhood and should be tailored
to each planning effort. This will require analyzing data on housing and market
conditions to identify community needs, developing localized preservation
strategies, and engaging communities to implement these strategies. For example,
in a community facing rising rents due to market pressures, the City may be most
effective in helping owners keep properties affordable by using tax incentives or
financing tools to incentivize energy retrofits that would reduce utility costs. In a
community experiencing high rates of physical distress, the City may need to
focus efforts on expanding its Proactive Preservation Initiative (PPI) through
HPD evaluations. PPI targets deteriorating properties for increased code
enforcement, and works with lenders and regulators to encourage owners to
make necessary repairs in a timely fashion.
F. Foster large-scale development at potential major-site assemblages
As the city’s population grows within its geographic limits, the availability of
developable land will continue to decline. The rising cost of developable land, in
turn, becomes a driving factor of the affordability challenge facing real estate
development. There are potential development opportunities throughout the five
boroughs where surface or subterranean infrastructure—such as rail-yards and
tracks—can be built upon. At Sunnyside Yards alone, up to 200 acres are potentially
available for such development. While overbuild development must be evaluated
for technical feasibility and cost effectiveness, the City’s ability to identify feasible
opportunities could make hundreds of acres of otherwise unavailable property
across the five boroughs potential sites for transit-oriented development, improving
connections to, and quality of life for, surrounding neighborhoods, and promoting
affordable housing and economic development opportunities.
The neighborhood
planning process
A multi-agency effort led
by the Department of City
Planning is engaging local
residents, businesses, and
institutions in a comprehensive
planning process of a two-mile
stretch of Jerome Avenue
in the Bronx, to identify and
evaluate opportunities to
provide and support new and
existing affordable housing;
access to jobs and training;
economic development and
entrepreneurship; brownfield
clean-up; cultural amenities;
pedestrian safety; parks;
schools and daycare; and retail
and local services. The study
and resulting community plan
will promote coordinated
investments in infrastructure
and services to shape a resilient,
sustainable community, and
will include land use and
zoning changes, and the
application of a Mandatory
Inclusionary Housing Program
within the area to promote
affordable housing.
Jerome Avenue streetscape